European Bank Chief Talks Up Dollar
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The dollar edged higher against the Swiss franc and the euro on Monday as traders took profits after the head of the European Central Bank said the euro zone unit&#39;s recent
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FRANKFURT, Germany- The European Central Bank raised its key interest rate a quarter point to 3.75 percent Thursday and set the stage for another hike, in a move aimed at keeping inflation contained amid strong ...Comment
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The euro rose as high as $1.3889 in afternoon European trading today amid speculation that the Fed will soon cut interest rates by as much as half a percentage point.
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The dollar regained some ground  against the euro on Monday as traders took profits after the   head of the European Central Bank said the euro zone unit's  recent climb against the dollar was "brutal" and unwelcome.
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The dollar edged higher against the  Swiss franc and the euro on Monday as traders took profits  after the head of the European Central Bank said the euro zone  unit's recent climb against the dollar was "brutal" and  unwelcome.
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The dollar regained some ground against the euro on Monday as traders took profits after the head of the European Central Bank said the euro zone unit&#39;s recent climb against the dollar was &quot;brutal&quot; and unwelcome.
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The euro rose to a record for the seventh time this month against the dollar amid speculation the European Central Bank will refrain from attempting to stem the currency&#39;s appreciation.
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The dollar strengthened against the pound Monday after a senior Fed official raised the prospect of another cut in interest rate by indicating that last week&#39;s 0.5 percent lowering prevented the US economy sliding into recession.
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With Gallic sangfroid the European Central Bank's president Jean-Claude Trichet signaled to markets that the bank's quarter-point interest rate hike on Thursday likely was not its last.
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The euro rose to a new record high against the dollar, climbing to 1.2937 dollars in late European trades.
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The dollar crept up on Wednesday, enjoying some respite from recent falls due to caution ahead of an announcement on U.S. interest rates and after more European officials spoke out against the euro's rapid rise.
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European Union finance ministers considered the ever-strengthening euro against the dollar Monday amid appeals for Washington to rein in its budget and current account deficits to stop the slide of the US currency.
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Eurozone finance ministers were to focus at a meeting on the rise of the single currency to record levels against the dollar, with swelling deficits also set to share the limelight.
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The euro rose to within half a cent of a record high against the dollar after European finance ministers failed to ask the European Central Bank to sell the currency to stem its advance.
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The dollar rose across the board on  Thursday after the European Central Bank left its key interest  rate unchanged, focusing the market on interest rate  differentials.
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An interest rate increase is likely after the European Central Bank president promised Âstrong vigilanceÂ against inflation.
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The dollar was weaker against the euro on Tuesday but above record lows reached after remarks by European Central Bank chief Jean-Claude Trichet suggested the ECB was unlikely to intervene to stem the euro&#39;s rise.