Dollar Falls as Concerns Grow About Economy
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The dollar dropped sharply against a broad range of major currencies today, highlighting concern about the strength of the American economy.
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The dollar edged lower against the euro and yen, pressured by worries about US economic prospects and soaring oil prices, which hit new highs approaching 50 dollars a barrel.
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The widening US current account deficit will require a decline in the value of the dollar, a top Federal Reserve official said on Thursday.
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The decline of the dollar over the past few weeks may cast a worrying shadow over the U.S. economy, but it could boost results for some corporations.
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The dollar sagged on Tuesday as softer  U.S. data on Tuesday re-ignited worries that the world's  largest economy has yet to recover from its recent soft patch.
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The dollar fell sharply on Monday,  dropping to within one cent of record lows against the euro as  worries over the state of the U.S. economy persisted.
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The dollar continued its decline in global currency markets Thursday, intensifying worries among some economists that mounting U.S. budget and trade deficits could send the U.S. currency into a tailspin.
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The dollar fell against major currencies after a key survey of US manufacturing activity came in below expectations and renewed concerns about the US economy.
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The dollar fell within half a cent of  last week's record low against the euro on Thursday after  capital inflows data added to worries the United States may  struggle to fund its current account deficit.
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The dollar fell to a three-month low  against the yen on Thursday as traders zoomed in on growing  concerns about the U.S. economic outlook and the yawning trade  deficit amid a lack of fresh economic data.
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The dollar dipped amid concerns about the US position with the rest of the world following data showing a record current account deficit in the second quarter.
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The dollar sinks to 19-month lows of $1.30 against the euro amid concerns for the health of the US economy.
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The euro fell from record highs against the yen and dollar as European leaders expressed concern their currency s strength will stifle economic growth.
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The dollar dropped against most major  currencies on Wednesday after mixed data on U.S. durable goods  orders and weaker-than-expected new home sales did little to  brighten the U.S. economic outlook.
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The dollar sank across the board on Friday as dealers shrugged off robust U.S. economic data and kept their focus on the currency's shaky fundamentals.
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The dollar dipped against most major currencies on Wednesday after mixed data on U.S. durable goods orders and weaker-than-expected new home sales did little to brighten the U.S. economic outlook.
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The dollar softened on Thursday after Federal Reserve Chairman Alan Greenspan sounded more cautious on the US economic recovery than many investors had expected.