Dollar Stalls as Market Awaits Greenspan
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The dollar barely moved on Tuesday as most investors were reluctant to take positions ahead of an address by the Federal Reserve chief that is expected to point to further rises in US interest rates this year.
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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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Wary financial markets will listen for any hint from Federal Reserve Chairman Alan Greenspan on Wednesday that a pause in interest-rate rises may be near while lawmakers try to enlist him in the struggle over Social Security reform.
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The dollar fell against the euro on  Tuesday as dealers waited for U.S. trade deficit figures to  decide whether to keep buying back the U.S. currency.
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The dollar slid on Friday after  Federal Reserve Chairman Alan Greenspan said foreign demand for  U.S. assets, which has financed the country's massive current  account deficit and propped up the dollar,  would eventually  fall.
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The dollar erased earlier losses to  stand steady near recent three-week highs against the euro on  Friday as investors became reluctant to take big bets ahead of  U.S. data and a speech by Federal Reserve chief Alan Greenspan.
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The dollar fell against the yen but rose against other currencies Thursday as investors waited for fresh economic developments in the United States to gauge the state of jittery markets.
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Investors will listen for any hint from Federal Reserve Chairman Alan Greenspan today that a pause in interest-rate rises may be near while lawmakers try to enlist him in the struggle over Social Security reform.
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The dollar paused on Tuesday after a  steep rally in the previous session as investors waited to see  if forthcoming data would reinforce the Federal Reserve's  optimism in the U.S. recovery.
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ALAN GREENSPAN, Chairman of the US Federal Reserve, undercut lingering hopes of staging an operation to support the dollar at a meeting of bankers in Frankfurt yesterday
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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 shuttled in narrow ranges  against other major currencies on Friday as investors awaited  upcoming U.S. jobs data for clues on the future path of  interest rates.
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The dollar stayed in tight ranges on Tuesday as the market, widely expecting a U.S. interest rate increase later in the day, waited for the Federal Reserve to shed light on the future course of monetary tightening.
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The dollar slipped on Monday as market players hesitated to push the currency much higher before upcoming US trade data and a Federal Reserve meeting.
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The dollar held broadly steady against  major currencies on Tuesday as markets looked to the U.S.  Federal Reserve to raise interest rates later in the session  and signal the future pace of monetary tightening.
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The dollar drifted in a tight range on  Wednesday after weaker-than-expected U.S. economic data did  little to alter investors' expectations that the Federal  Reserve would continue to raise interest rates at a measured  pace.
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The dollar held in a narrow range Wednesday, shaking off growing US recession fears, as the markets awaited European interest rate decisions.