Europe gains no US aid to support dollar
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European officials, blaming US deficits for a surge in the euro, are unlikely to persuade Treasury Secretary John Snow to help support the dollar when the Group of 20 finance ministers and central bankers meet in Berlin.
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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 firmed against major currencies, coming off all-time lows against the euro, as analysts reckoned on European monetary authorities intervening on markets to help shore up the US unit.
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The Group of 20 finance chiefs have shunned action to halt the dollar slide, leaving Europe isolated at the end of a forum here and facing an almost certain further strengthening of the euro.
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The dollar's rebound from a record low  against the euro stalled on Tuesday after manufacturing data  cast doubt on jobs growth in the United States.
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European officials are increasingly alarmed by the U.S. dollar's slump against the euro &#151; but they aren't likely to get help from the United States or Asian countries at the G-20 meeting of industrial and developing countries that opened Saturday.
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The dollar fell against the euro and the  yen on Wednesday in the wake of comments from the European  Central Bank president suggesting the ECB was unlikely to  intervene to stem the euro's rise.
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The dollar held steady against the euro on Tuesday, finding support after a wave of warnings from European officials expressing concerns over the euro's rapid ascent against the U.S. currency.
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Finance ministers and central bank governors from the Group of Seven industrialized countries held off taking any concrete actions Saturday to alter the value of the dollar, the euro or other currencies.
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The dollar fell to a record against the euro and tumbled versus the yen on speculation US officials will refrain from joining any effort to stem the currency&#39;s drop.
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Europe stepped up verbal attacks on the United States over its yawning deficits but failed to arrest the euro's record-breaking, and economically damaging, rally against the dollar.
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The European Central Bank has little appetite for halting the euro&#39;s climb against the dollar just yet and only very rapid moves toward $1.
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The dollar declined past $1.36 per euro for the first time, reaching a record low for the seventh time this month, on speculation the US and Europe will allow the currency to drop.
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With the European economy on the upswing, companies and governments are shrugging off the dollar's renewed slide against the euro this week -- a phenomenon once dreaded as potential poison for the continent's ...Comment
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The euro&#39;s growing strength against the US dollar is &quot;unwelcome,&quot; the European Central Bank chief said yesterday as the 12-nation European currency hovered just below a record high.
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The dollar slipped against the euro on  Thursday after European Central Bank President Jean-Claude  Trichet reiterated that recent moves in currency markets were  unwelcome, but did not use strong enough rhetoric to deter the  euro from strengthening, currency traders said.
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BERLIN - As the dollar plunges to record lows, Europe and the US kept up a war of words at the weekend, blaming each other for the currency&#39;s fall and avoiding new steps to halt it.