Dollar backtracks as focus turns to Fed meeting
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The dollar drifted lower in quiet trade with markets already looking to a US interest rate verdict next week for direction after a recent run of largely inconclusive US economic data.
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The dollar inched up on Monday as traders  struggled to find direction in a market thinned of economic  data.
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The dollar was marginally down against the euro and slightly higher against the yen Tuesday as the market awaited new US trade data and a US Federal Reserve meeting at which the central bank was expected to raise interest rates a quarter point.
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U.S. Treasury prices slipped on  Thursday in a setback from Wednesday's rally, helped by a  bounce in the beleaguered U.S. dollar.
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The dollar recouped earlier losses against the yen on Thursday, but currencies shuttled in narrow ranges as investors awaited direction from U.S. growth data and comments from Federal Reserve chief Alan Greenspan.
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The dollar slipped on Monday as market  players hesitated to push the currency much higher before  upcoming U.S. trade data and a Federal Reserve meeting.
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The dollar held near the previous day's  one-month low against the euro on Wednesday after the Federal  Reserve raised rates as expected, but signaled that tightening  would continue only at a moderate pace.
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The dollar crawled up from a record low  against the euro on Tuesday, though the market stayed focused  on the U.S. deficits and a growing belief that central banks  will not soon stand in the way of the dollar's decline.
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The dollar reclaimed some lost ground against the pound after the US Federal Reserve chairman Ben Bernanke&#39;s closely watched comments about the state of the world&#39;s largest economy.
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The dollar fell broadly against major  currencies on Friday in a technically-driven session, as  traders ignored a generally positive batch of U.S. economic  data and sold the greenback.
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CHICAGO (CBS.MW) - The dollar moved higher Monday in the wake of little new policy direction from a weekend meeting of finance ministers and central bankers from the world&#39;s economic powers.
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The dollar dropped to an all-time low  against the euro on Wednesday ahead of a G20 finance ministers'  meeting as analysts fretted that officials would do little to  stem the currency's fall.
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The dollar edged lower against the yen on  Thursday, but currencies shuttled in narrow ranges as investors  awaited direction from U.S. growth data and comments from  Federal Reserve chief Alan Greenspan.
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NEW YORK : The dollar swung lower after a disappointing report from the Philadelphia Federal Reserve that prompted fears of weaker US industrial activity than economists had been expecting.
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The dollar crawled up from a record low against the euro on Tuesday, though the market stayed focused on the U.S. deficits and a growing belief that central banks will not soon stand in the way of the dollar's decline.
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The dollar has slipped back against major rivals on the eve of key US inflation and industrial data, and following stronger-than-expected US retail sales.
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The dollar stuck to tight ranges on  Tuesday ahead of a Federal Reserve interest rate decision and a  gathering of Group of Seven finance ministers and central  bankers later in the week.