U.S., Europe Play Blame Game Over Dollar
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Europe and the United States kept up a war of words over the sliding U.S. dollar at a G20 meeting of rich and developing nations, blaming each other for the currency's fall and avoiding new steps or rhetoric to halt it.
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European finance chiefs take the US to task for allowing the dollar to slide, saying it puts Europe's economy at risk.
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BRUSSELS European finance officials on Tuesday called on the United States to take concrete action to halt the slide of the dollar.
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Europe and the US kept up a war of words over the sliding US dollar at a G20 meeting of rich and developing nations over the weekend, blaming each other for the currency&#39;s fall and avoiding new steps or rhetoric to halt it.
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The dollar fell across the board on  Wednesday after a much wider-than-expected November U.S. trade  deficit fueled a sell-off in the currency.
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LONDON  - With the euro soaring against the U.S. dollar, some analysts say European companies on the lookout for bargains would charge into the United States, snapping up easy acquisitions.
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The dollar tumbled to a record low  against the euro on Tuesday after a warning by euro zone  officials on the euro's rise fell on deaf ears, with investors  determined to dump the U.S. currency.
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The dollar tumbled to a record low against the euro on Tuesday after a warning by euro zone officials on the euro&#39;s rise fell on deaf ears, with investors determined to dump the US currency.
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The dollar, whose weakness has been fueled by concern over the US trade and budget deficits, hit a new low against the euro, which rose to $1.3335 yesterday. In late New York trading, the euro eased back to $1.3280, below its intraday high but still above Monday's late rate of $1.3273.
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After a year in which the U.S. dollar fell 5 percent against the euro, the sharply weaker currency isn't expected to rebound soon -- and that means it will likely keep eating into European exports, growth and ...
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The United States is set to turn a  blind eye to the sliding dollar and a deaf ear to protests  about its fall, but experts smell trouble for all in what looks  like an effective devaluation of the world's reserve currency.
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The dollar rallied from another record low versus the euro on Monday after blunt comments from the head of Europe&#39;s central bank, while stocks and bonds came under pressure
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The dollar sank to a new lifetime low  against the euro on Tuesday after a warning by European  officials on the euro's rise went unheeded by investors  determined to dump the U.S. currency.
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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 dollar gained against European  currencies on Tuesday, drawing support from  weaker-than-expected investor confidence numbers in the euro  zone and a benign inflation report out of Britain.
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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 fell against the euro on  Tuesday as dealers waited for U.S. trade deficit figures to  decide whether to buy back the U.S. currency again.