Greenspan holds out little hope for dollar
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The dollar hit a new all-time low against the euro yesterday as Alan Greenspan said there was little anyone could do to prevent it falling further.
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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 dollar idled on Wednesday after the  latest round of U.S. inflation data failed to substantially  alter the outlook for gradual increases in interest rates.
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NEW YORK The dollar fell against the euro and the yen amid optimism over Japanese growth and as traders awaited congressional testimony by the Federal Reserve chairman, Alan Greenspan.
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FRANKFURT, Germany - US Federal Reserve Chairman Alan Greenspan said Friday that large US trade deficits could burden the US economy in the long term but added that their effect on the plunging dollar is hard to predict.
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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 stalled on Wednesday after  weaker-than-expected U.S. economic data failed to provide new  direction for the market, as focus shifted to what the Federal  Reserve would say after an expected rate rise next week.
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The upbeat outlook from Federal Reserve Chairman Alan Greenspan has failed to convince many economists, who argue that the United States is likely to see tepid growth at best in the near future.
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ECONOMISTS may be fretting about the implications for the global economy of the near historically weak US dollar.
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The dollar posted modest gains on  Wednesday as investors awaited comments from the Federal  Reserve chief that are expected to point to further rises in  U.S. interest rates this year.
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Not much seems to trouble Federal  Reserve Chairman Alan Greenspan these days -- not oil at more  than $50 a barrel, record levels of consumer debt, nor a  possible U.S. housing bubble.
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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 held near a one-week high  against the euro on Tuesday on optimism about the U.S. economy  as the market awaited comments from Federal Reserve Chairman  Alan Greenspan.
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The dollar suffered a renewed bout of selling after the US Federal Reserve's chairman Alan Greenspan hinted that a further depreciation in the US currency may be necessary to bring the US current account deficit down.
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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 U.S. interest rates this year.
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The dollar slipped  on Friday, after Federal Reserve Chairman Alan Greenspan's remarks on the U.S. trade gap and on foreign demand for dollar-denominated  assets.
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The dollar gained support on Thursday  after Federal Reserve Chairman Alan Greenspan indicated the  previous day that U.S. interest rates would continue to rise.