Dollar melts but Snow stays firm
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The dollar plunged to an all-time low against the euro yesterday as the Bush administration signalled it was not prepared to take any action to prevent the slide.
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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 dollar held steady against the euro  and the yen on Thursday near overnight levels, with traders  keeping one eye on the euro and the other on U.S. jobs data for  clues to the near-term direction of the U.S. currency.
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The United States remains committed to letting the market find the value for the ailing dollar, U.S. Treasury Secretary John Snow said Wednesday as the euro hit an all-time high against the dollar.
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The dollar held firm against the yen and the euro on Thursday on upbeat U.S. manufacturing data, but many traders expected range-bound trading ahead of next week's Federal Reserve meeting.
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The dollar was stable against the euro after slumping in the wake of disappointing US jobs data.
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The dollar sprang higher across the  board on Friday in a technically-driven rally that gained  momentum after remarks by U.S. Treasury Secretary John Snow,  traders said.
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The dollar caught its breath against the  euro and the yen on Wednesday after surging the previous day on  the Federal Reserve's clear message that it was worried about  inflation and suggested it would keep lifting U.S. rates.
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The dollar held steady against the euro on Tuesday, finding support after a wave of warnings from European officials expressing concerns over the euro's rapid ascent against the U.S. currency.
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The dollar softened against the euro  but firmed against the yen on Monday, trading within tight  ranges as dealers refrained from making aggressive bets ahead  of the August U.S. payrolls report later this week.
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The dollar slumped to a fresh all-time low against the euro yesterday as John Snow, the US Treasury Secretary, poured cold water on hopes of intervention to stem its decline.
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The dollar is dipping again. After falling against major currencies such as the euro, yen, and Canadian dollar in 2002 and 2003, the greenback stabilized this year.
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The dollar held steady on Thursday, with  investors reluctant to take positions ahead of U.S. trade data  that could offer clues on whether the greenback can sustain its  recent rally.
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The dollar steadied two cents above last  week's record low against the euro on Friday after a batch of  upbeat U.S. data encouraged traders to snap up the currency  from cheap levels.
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The dollar fell to a record against the euro and dropped against the yen yesterday as Treasury Secretary John W. Snow signaled that he would not back any agreement to stem the currency&#39;s slide.
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The dollar was generally firm Thursday as the market digested stronger-than-expected US retail sales and inflation data.
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The dollar kept light gains on Tuesday,  but it stayed in sight of record lows against the euro on the  growing belief that central banks will not soon stand in the  way of the dollar's decline.