Dollar Supported After Greenspan Speaks
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The dollar traded in narrow ranges on Thursday as the market gave a muted reaction to Federal Reserve Chairman Alan Greenspan's indication the previous day that U.S. interest rates would continue to rise.
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The dollar fell under 103 yen on  Friday after Federal Reserve Chairman Alan Greenspan said large  interventions in the currency market do not create protracted  changes in exchange rates but have some effect.
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LONDON : The dollar reversed early gains against the euro and held steady against the yen in the wake of cooling oil prices and comments by US central bank officials suggesting confidence in the American economic recovery, analysts said.
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The dollar rallied across the board on  Friday in a technically-driven session, bolstered by U.S.  economic reports that matched or beat expectations.
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The dollar rose broadly on Monday as  markets braced for a Federal Reserve policy meeting this week  that is widely expected to end with a higher federal funds  rate, making the dollar a more attractive currency.
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The dollar inched higher on Wednesday,  supported after the U.S. Federal Reserve raised interest rates  as expected and repeated its commitment to tightening -- albeit  at a "measured" pace.
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The dollar perked up ahead of a key speech from US Federal Reserve Chairman Alan Greenspan which was expected to set the scene for future rises in American interest rates.
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The dollar rose broadly on Monday as  markets braced for a Federal Reserve policy meeting this week  that is widely expected to raise the federal funds rate, making  the dollar a more attractive currency.
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Over the weekend, the US Federal Reserve Chairman Alan Greenspan hinted at the maintenance of ``weakââ dollar policy (in Germany) while President Bush said he is committed to a ``strongââ dollar (in Chile).
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The dollar rallied against most  currencies except the yen on Friday, helped by U.S. economic  data and comments by President Bush and a top Federal Reserve  official viewed by the market as supportive of the U.S. unit.
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NEW YORK, November 15  - The US dollar modestly strengthened its position versus the euro this morning, after the US Treasury Secretary said that the government supported a &quot;strong dollar&quot; policy.
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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 U.S. dollar rallied against the euro, Japanese yen and most other currencies on Tuesday, although traders suggested the rise was a brief let-up in a longer-term decline in the value of the currency.
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SINGAPORE : The US dollar moved in a narrow range against the yen and euro in Asia on Monday as investors awaited US economic data and a speech by Federal Reserve chairman Alan Greenspan later this week.
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The US supports a ``strong dollar,&#39;&#39; Treasury Secretary John Snow said, making his first remarks on the currency since George W. Bush was re-elected president on Nov. 2. ``We support
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The dollar fell under 103 yen on Friday after Federal Reserve Chairman Alan Greenspan said large interventions in the currency market do not create protracted changes in exchange rates but have some effect.
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The dollar held steady against major  currencies on Tuesday as markets waited to see what the Federal  Reserve says about the U.S. economy after an expected interest  rate rise later in the session.