Dollar Regains Some Ground Lost
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The dollar edged up on Wednesday,  recovering some of the losses it made after the Fed raised U.S.  interest rates as expected but did little to change the  market's view that monetary tightening would continue at a  moderate pace.
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The dollar leapt over one percent  against other major currencies on Friday, extending its rebound  from multi-year lows as investors viewed its two-month decline  as too rapid.
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The dollar edged higher against the euro  on Wednesday as a downbeat outlook for European growth spurred  traders to buy back the currency after heavy falls.
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The dollar rebounded for a second session on Thursday as traders and investors took profits on bets against the US currency before the year draws to a close.
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The dollar recouped losses after  Federal Reserve Chairman Alan Greenspan said the U.S. current  account gap cannot widen forever.
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The dollar slipped to just over a cent above this month&#39;s record low against the euro on Monday but won a bit of ground versus the yen, with investors focusing on the broadly bearish outlook for the US currency.
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The dollar slipped to just over a cent above this month's record low against the euro on Monday but won a bit of ground versus the yen, with investors focusing on the broadly bearish outlook for the U.S. currency.
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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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LONDON : The dollar fell back after posting gains earlier in the day but dealers remained cautious ahead of key US data this week.
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The dollar was slightly firmer Monday in quiet trade, recovering some of the ground lost last week after a series of weak US economic data, dealers said.
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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 rebounded on Monday after a  heavy selloff last week, but pared some gains after a U.S.  factory report showed employment was down in December.
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Hopes for a healthy rise in US employment levels prompts a rise in the value of the dollar after days of sharp declines.
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The dollar edged up against most major currencies on Monday as investors took profits following a dollar decline that has shaved some 3 percent off its value in less than two weeks.
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The dollar rose slightly against major  currencies on Tuesday, its broad decline arrested somewhat and  even reversed by a much better-than-expected U.S. consumer  confidence report.
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The dollar rose on Tuesday after a  downbeat assessment on European growth and a  less-dire-than-expected read on U.S. consumer confidence  encouraged traders to buy back dollars after aggressive  selling.
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The dollar edged up on Friday as  investors took advantage of the currency's recent weakness to  take profits, and as the market took on more neutral positions  in the final stretch before the year-end.