Dollar Drops Further as Central Banks Reassess Reserves
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The falling dollar reached new depths against the euro today, after a weeklong erosion of value prompted by concern that the dollar&#39;s status as the premier international reserve currency is growing more precarious.
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The US dollar sank anew against other major currencies yesterday, even though Japanese officials publicly raised the prospect of joining with European governments to brake its slide.
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The U.S. dollar fell against other major currencies in European trading Tuesday morning. Gold fell.
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The dollar sank across the board,  dropping to multiyear lows against the yen and the euro on  Friday, after Federal Reserve Chairman Alan Greenspan said  demand for U.S. assets could ease at some point given the size  of the current account deficit.
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The dollar dropped on Friday, pushing the euro above $1.31 for the first time since April 2005, on concerns about central banks diversifying their reserves and the greenback's narrowing yield advantage over other currencies.
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The US dollar slips to new record lows against the euro after the Federal Reserve's hefty US interest rate cut.
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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 tumbled on Friday, pushing the euro above $1.31 for the first time since April 2005, on concerns about central banks diversifying their reserves and the greenback's narrowing yield advantage over other currencies.
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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 and focus shifted to what the Federal  Reserve would say after an expected rate rise next week.
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The dollar sank on Friday as  persistent concerns over the U.S. economy and comments  throughout the week from European Central Bank and Federal  Reserve officials afforded the currency no respite.
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The dollar weakened on Wednesday,  losing ground in momentum-driven trading after China reignited  market talk of a currency revaluation.
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The dollar continues its record-breaking slide against many of the world's major currencies, with analysts predicting it could fall further.
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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 dollar fell to an eight-month low  against the euro on Thursday, also setting multi-month lows  versus the yen, sterling and the Swiss franc amid worries the  U.S. economy was not growing enough to support its currency.
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The dollar was on the back foot against the euro Tuesday as concerns intensified that the US Federal Reserve's aggressive monetary easing will not be able to stave off a severe economic downturn, dealers said.
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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 to an eight-month low  against the euro on Thursday and set multi-month lows versus  the yen, sterling and the Swiss franc amid worries the U.S.  economy was not growing enough to support its currency.