US backs &#39;strong dollar&#39;
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DUBLIN The United States backs a strong dollar, US Treasury Secretary John Snow reiterated Monday. But he added that it was up to the market to determine exchange rates based on economic fundamentals, leading
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The dollar held near a two-month high against the euro on Wednesday, supported by data that showed capital flows into the United States in November were more than enough to fund its huge trade deficit.
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The dollar rose against the euro and yen ahead of monthly US inflation data that analysts said should give clues to the future direction of American interest rates.
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The dollar held near a two-month high  against the euro on Wednesday, supported by data that showed  capital flows into the United States in November were more than  enough to fund its huge trade deficit.
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The dollar stayed firm against other major currencies on Monday, helped by US jobs data, but traders said it lacked momentum to advance strongly.
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U.S. Treasury Secretary Henry Paulson repeated on Monday that a strong dollar was in the U.S. interest and currency values should be set in free and open markets.
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The dollar held on to the previous day&#39;s gain on Tuesday, supported by a retreat in oil prices and upbeat comments on the US economy from Federal Reserve officials.
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The dollar gained broadly on Tuesday  following a U.S. consumer confidence report which was stronger  than expected, extending gains made after China dampened  speculation that it would revalue its currency soon.
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The dollar firmed against the European single currency on Wednesday ahead of the publication of retail sales data in the United States.
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The dollar strengthened against major  European currencies in largely technical trading on Friday  after two U.S. economic reports matched or beat market  expectations.
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The United States is strongly committed to a strong U.S. dollar and financial markets there are recovering from the subprime loan crisis even if the housing market has yet to touch bottom, U.S. Treasury Secretary Henry Paulson said on Tuesday.
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The dollar strengthened against the pound Monday after a senior Fed official raised the prospect of another cut in interest rate by indicating that last week&#39;s 0.5 percent lowering prevented the US economy sliding into recession.
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The dollar got a lift from a sharp rebound in US retail sales which raised the possibility of US interest rates moving slightly higher.
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The dollar hovered near a two-month high  versus the euro on Thursday after upbeat economic data  reaffirmed the view that likely future U.S. interest rate rises  would lure more funds to the United States.
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The dollar rose one percent against the  euro and the yen on Wednesday as investors bought the U.S.  currency back in the run-up to the year-end and eyed the impact  of the dollar's weakness on other economies.
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The dollar held on to its latest gains on  Friday after a positive batch of U.S. economic data prompted  speculators to buy back the currency before trade trickles down  ahead of the year-end holiday season.
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The US dollar rose against the euro and other major currencies yesterday, recovering after some early losses as foreign exchange trading resumed in the new year.