Dollar Losses Stemmed After ECB Warning
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The dollar edged up against the yen and steadied versus the euro on Tuesday, as traders took a breather from recent heavy selling after the European Central Bank chief warned against the single currency&#39;s rapid climb.
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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 and euro recovered against the yen, amid a rebound for global stock markets, dealers said Tuesday.
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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 U.S. dollar steadied against the yen and euro on Monday after suffering sharp losses on weaker-than expected job growth figures that raised questions about the need for further U.S. rate rises this year.
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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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The dollar regained some ground against  the yen on Friday, moving away from four-month lows hit the  previous day as the market proved reluctant to push the U.S.  currency below the 107 yen mark.
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The dollar eased further off last week&#39;s highs against the euro and yen on Tuesday as investors turned cautious ahead of Wednesday&#39;s assessment of the US economy by Federal Reserve chief Alan Greenspan.
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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 dollar recovered on Thursday,  buoyed by profit-taking in other currencies and comments by the  European Central Bank's top official urging Asia to adopt more  flexible foreign exchange regimes.
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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 reversed early gains against the euro and held steady against the yen in the wake of cooling oil prices and comments by US central bank officials suggesting confidence in the American economic recovery, analysts said.
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The dollar edged up on Tuesday, taking a breather from recent heavy selling after the European Central Bank chief warned against the euro&#39;s rapid climb and ahead of a decision on US interest rates.
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The dollar extended its losses against  the euro on Tuesday after the Federal Reserve raised interest  rates as expected but signaled that both inflation and  inflation expectations were easing.
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The dollar teetered within sight of the  previous day's record low against the euro on Tuesday as the  market remained confident central banks would not stand in the  way of the greenback's decline.
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The dollar recouped losses after  Federal Reserve Chairman Alan Greenspan said the U.S. current  account gap cannot widen forever.
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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.