Sinking Dollar Dominates Davos Debate
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The relentlessly sinking dollar is Topic A at the World Economic Forum, and anyone hoping for an answer to when it will stop dropping is likely to be disappointed.
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The dollar stumbled on Friday as  persistent concerns over the U.S. economy and comments  throughout the week from European Central Bank and Federal  Reserve officials allowed the currency no respite.
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The dollar hung near a 15-year low against a basket of currencies on Friday, as investors debated whether a sharp drop in the value of the U.S. currency this week was overdone.
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The dollar was in striking distance of record lows against the euro and 7-    month lows versus the yen on Thursday, as traders concluded that nations at an upcoming G20 meeting would tolerate a weaker dollar.
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The dollar slid to a new record low  against the euro on Friday amid disappointing U.S. jobs data  and a perception that the United States was in no hurry to stem  the dollar's fall.
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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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Europe and Japan voiced strong concern on Saturday over the slumping dollar but the world's 20 biggest economies, nearing the end of a two-day summit, looked divided over what if anything to do about it.
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The US dollar hovers close to record lows against the euro on Friday as concern grows about the size of the US budget deficits.
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The dollar crashed through key barriers  to a record low on the euro and a 7-month low on the yen on  Wednesday, as concern mounted a forthcoming G20 finance  ministers' meeting would do little to halt its slide.
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The dollar fell broadly on Friday as  dovish comments from several U.S. central bankers raised doubts  over the health of the world's biggest economy ahead of a  crucial U.S. jobs report.
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The dollar slumped to a record low on Monday after a meeting of the finance chiefs of rich nations ended without words of support for the currency, while Wall Street weakness prompted a broad sell off in Asian stocks.
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The dollar dropped to an all-time low  against the euro on Wednesday ahead of a G20 finance ministers'  meeting as analysts fretted that officials would do little to  stem the currency's fall.
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DAVOS, Jan 23 (IPS) - Movers and shakers of global business and politics  appeared crestfallen over the financial and banking crisis at the  World Economic Forum meeting that began at Davos Wednesday.
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The U.S. dollar sank to a new all-time low against the euro Tuesday amid concerns over the U.S. trade and budget deficits and worse-than-expected U.S. employment data.
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Worries about the world-leading U.S.  economy and fears over bank credit rippled across financial  markets on Monday, sending stocks sharply lower and dragging  the dollar to a record low against the euro.
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The dollar dangled near a record low  against the euro on Monday after a meeting of the Group of 20  rich and developing nations produced no coordinated stance to  stem the U.S. currency's decline.
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Europe and Japan failed yesterday to persuade the United States to address the decline in the dollar, despite talks at a fractious meeting of the Group of 20 industrialised and developing nations.