Greenspan says expects more dollar weakness
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Former U.S. Federal Reserve Chairman  Alan Greenspan said on Monday he expected the dollar to stay  weak for the next few years and will continue to drift down,  weighed by the U.S. balance of payments deficit.
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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 yen fell against the dollar and euro  on Wednesday after data showed Japan was in a recession for  much of 2004, but the market focus turned to remarks by Federal  Reserve Chairman Alan Greenspan due later in the day.
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Alan Greenspan came to the home of the euro on Friday and suggested that the relentless decline of the dollar might well continue, offering little relief to those here
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The dollar fell against the euro on  Wednesday, even as Federal Reserve Chairman Alan Greenspan  signaled further increases in U.S. interest rates but offered  no clues on their pace or timing.
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US Federal Reserve chief Alan Greenspan has warned that the deficit in US trade with the rest of the world cannot be sustained indefinitely.
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Former U.S. Federal Reserve Chairman Alan Greenspan said on Wednesday he feared a "dramatic contraction" in Chinese stocks but said the global economy may be able to shrug off a drop in asset prices.
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The dollar softened on Thursday after Federal Reserve Chairman Alan Greenspan sounded more cautious on the US economic recovery than many investors had expected.
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The dollar turned tail from recent  three-week highs against the euro and Swiss franc on Friday as  investors grew cautious ahead of U.S. growth data and a speech  by Federal Reserve Chairman Alan Greenspan.
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The dollar slipped against the yen in  thin trade on Tuesday, but its losses were limited as investors  waited on an address by the Federal Reserve chief that is  expected to point to further rises in U.S. interest rates.
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The dollar rallied against most  currencies on Friday after Federal Reserve Chairman Alan  Greenspan said market forces and tighter U.S. fiscal policy  should stabilize and may cut the U.S. current account gap.
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The dollar edged lower 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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Investors' appetite for U.S. assets  will eventually dwindle and the United States must reduce its  budget deficit to prevent major economic damage, Federal  Reserve Chairman Alan Greenspan said on Friday, in remarks that  hit the dollar hard.
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The dollar hit a one-week low against  the euro on Thursday, extending losses made after Federal  Reserve chief Alan Greenspan's comments on U.S. inflation cast  doubt on the pace of rate hikes after September.
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Berkshire Hathaway Inc's  Warren Buffett said on Thursday he expected the dollar to get  weaker and said that South Korea's stock market was still more  attractively valued than other world markets.
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US Federal Reserve Chairman Alan Greenspan appeared to be sceptical about the efficacy of any central bank intervention to prop up the dollar.
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(WASHINGTON) - Federal Reserve Chairman Alan Greenspan, speaking in Germany, is repeating his concerns about the persistence of the US trade deficit.