Dollar Rebounds But Still Under Pressure
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The dollar rose slightly against the  major currencies early on Monday in New York as dealers  adjusted positions ahead of two key U.S. economic indicators  due on Tuesday.
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The dollar rose slightly on Wednesday  as traders took some year-end profits in other currencies,  although the dollar was still locked in a long-term downtrend,  analysts said.
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The dollar rocketed higher on  Wednesday as investors took a break from worrying about the  U.S. current account deficit and focused on relative interest  rates, which increasingly were expected to favor the dollar.
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The dollar rose on Monday in a  retracement from last week's steep losses, but dealers said the  bias toward a weaker greenback remained intact.
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The dollar steadied after a rebound from eight-month lows against the euro, but analysts saw little respite in sight for the US currency given a host of concerns about the US economy.
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The dollar firmed slightly  against  the euro on Monday, recovering from last week's record low and  a 4-1/2-year trough against the yen as traders turned their  sights to economic data due later in the week.
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The dollar inched up but stayed in sight of record lows against the euro on Thursday, as investors took a break from pummeling the dollar after showing little interest in a mixed bag of U.S. economic data.
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The dollar strengthened across the  board on Wednesday, although analysts said the move was only a  corrective rebound and does not mark any shift in fundamentals,  which still point toward continued dollar weakness.
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The dollar rebounded strongly on  Thursday after the release of data showing the U.S. current  account was narrower in the third quarter than many had feared,  triggering a relief rally for the beleaguered U.S. currency.
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The dollar held near overnight levels on Wednesday but stayed under selling pressure ahead of U.S. trade data that could swing the market's focus back to the problem of huge deficits in the United States.
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The dollar remains under pressure against the euro, slipping to 20-month lows before recovering slightly.
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The dollar recovered some lost ground in the wake of soft US inflation figures and as a new spike in oil prices stopped a rally by the yen in its tracks.
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The dollar recovered from record lows against the euro and clung near two-week highs versus the yen on Thursday after the Federal Reserve indicated it would press on with its tightening campaign.
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The dollar firmed slightly against the euro on Monday, recovering from last week&#39;s record low and a 4-1/2-year trough against the yen as traders turned their sights to economic data due later in the week.
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TORONTO (Dow Jones)--After its wrenching fall against the euro and other currencies, the dollar will likely remain under selling pressure this week amid a slew of top-tier economic data.
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The dollar edged up on Wednesday,  recovering some of the losses it made after the Fed raised U.S.  interest rates as expected but did little to change the  market's view that its monetary tightening cycle will continue.
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The dollar clung to gains against the euro sparked by an unexpectedly strong reading in a regional index of manufacturing.