US Remains Firm In Letting Dollar Drop
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To the mounting dismay of foreign officials, the slide in the dollar gathered new momentum yesterday, but the Bush administration restated in no uncertain terms its longtime policy of leaving the US currency&#39;s value to the markets.
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NEW YORK  - The dollar managed to firm slightly, lifted by stronger than expected US factory orders, after hitting yet another all-time low against the euro.
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WASHINGTON  - US Treasury Secretary John Snow said a strong dollar is the &quot;rock solid foundation&quot; of US policy, but its value is best set in open currency markets.
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The dollar halts its slide against the euro and yen after US Treasury Secretary John Snow said a strong currency "is in America's interest".
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The dollar kept its gains versus other  major currencies early on Monday after U.S. economic data eased  concerns that surging oil prices may have hurt growth, keeping  expectations alive for more rises in interest rates.
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The dollar steadied versus the euro and yen on Thursday following sharp gains across the board in the previous session driven by profit-taking on bets against the long suffering US currency.
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The dollar was mostly unchanged from  the prior session on Tuesday as traders squared  up after  taking some profits in other currencies on a  better-than-expected U.S. consumer confidence report.
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The dollar held on to recent gains on Thursday after rallying the previous day, when traders and investors rushed to cash in on bets against the US currency before the year-end.
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The dollar held steady across the board  on Friday as the market readied itself for a U.S. jobs report  later in the session which is likely to set the tone for  expectations of U.S. interest rate rises.
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Sterling remained weak after disappointing trade data as the US Dollar held firm against major currencies.
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NEW YORK The dollar declined on Friday as the market shrugged off positive US economic data and remained focused on the record US current-account deficit.
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The dollar stayed firm against other  major currencies on Monday, helped by U.S. jobs data, but  traders said it lacked momentum to advance strongly.
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The dollar held steady against the euro on Tuesday, finding support after a wave of warnings from European officials expressing concerns over the euro's rapid ascent against the U.S. currency.
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NEW YORK : The dollar moved slightly against major currencies after key US ISM data on manufacturing was in line with expectations, as the market remained cautious on the prospects for the US economy.
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The dollar steadied half a cent above  its record low against the euro on Tuesday, winning respite  from recent heavy selling ahead of U.S. trade data and a  decision on U.S. interest rates on Wednesday.
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Sharp falls on the currency markets have not jolted Washington's commitment to a strong dollar, the Treasury says.
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The dollar kept light gains on Tuesday,  but it stayed in sight of record lows against the euro on the  growing belief that central banks will not soon stand in the  way of the dollar's decline.