Euro Kicks Sand In Face Of Dollar
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(CBS/AP) The US dollar hit a new all-time low Thursday against the euro, following a mixed economic report from the Commerce Department.
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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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With growth flagging in the 12-nation eurozone, pressure is building in European financial circles for central bank intervention to curb a surge in the euro against the dollar.
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The dollar fell sharply on Friday, pushing the euro above $1.31 for the first time since April 2005, on concerns about central banks diversifying their reserves and the greenback's narrowing yield advantage over other currencies.
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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 fell against the euro and the  yen on Wednesday in the wake of comments from the European  Central Bank president suggesting the ECB was unlikely to  intervene to stem the euro's rise.
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The euro hit an all time high versus a broadly weak dollar on Friday as investors dumped the greenback after the Federal Reserve's aggressive rate cut this week.
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TOKYO: The dollar hit a record low against the euro on Tuesday after a stern warning by European officials on the euroâs rise proved to have only a limited effect in a market bent on pushing the US currency lower.
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BRUSSELS  - Europe stepped up verbal attacks on the United States over its yawning deficits but failed to arrest the euro&#39;s record-breaking, and economically damaging, rally against the dollar.
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The euro hit a new record on Friday against the unravelling US dollar, surging to US$1.3549, with some analysts seeing US$1.40 as a potential trigger level for European Central Bank intervention.
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Greenback weakness sends Euro to a new record and across a psychologically significant barrier.
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The euro smashed through the symbolic 1.30-dollar level for the first time since it began trading on foreign exchange markets in January 1999.
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The dollar hit a fresh low against the euro on Monday after comments from a eurozone finance minister quashed currency traders&#39; speculation about intervention
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The euro threatened a fresh record high  against the dollar on Wednesday as traders turned their  attention back to weakness in the U.S. currency, helping to  drag the euro close to an all-time peak versus the yen.
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Euro zone finance ministers on Monday voiced concern about the euro&#39;s surge to record highs against the dollar, with some pressing for international
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The dollar dropped to a new record in European morning trading against the euro, which rose to $1.3379 despite the threat of international intervention to stop the US curreny&#39;s slide.
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The euro hit a new high against the dollar on fears of rising oil prices and concern over the U.S. budget deficit.