Dollar Rebounds; Tone Cautious on U.S. Jobs
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The dollar rebounded on Monday after  last week's heavy selloff, but analysts were uncertain if the  rally would hold after fresh economic data suggested the  December U.S. jobs report due Friday might not live up to  expectations.
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The dollar rallied broadly on Monday  after a statement by the Group of Seven richest nations late  Friday brought no surprises, allowing some optimism about U.S.  economic prospects to bolster the currency.
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The dollar rebounded 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 clung to most of the previous  session's gains against the euro on Monday after a positive  U.S. jobs report last week reinforced expectations for an  interest rate rise this month.
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The dollar rose on Monday, back-tracking  from record lows hit against the euro on disappointing U.S.  jobs data, but traders said it was just a matter of time before  the market sells the currency again.
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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 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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LONDON : 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 rose broadly on Monday as  markets braced for a Federal Reserve policy meeting this week  that is widely expected to end with a higher federal funds  rate, making the dollar a more attractive currency.
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The dollar shaved some gains  on  Thursday, but remained higher on the day, after a report showed  a jump in U.S. jobless claims on the eve of Friday's  influential monthly U.S. jobs report.
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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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The dollar rose broadly on Monday as  markets braced for a Federal Reserve policy meeting this week  that is widely expected to raise the federal funds rate, making  the dollar a more attractive currency.
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The dollar hovered two cents above  recent record lows against the euro on Tuesday after U.S.  manufacturing data in the previous session cast doubt on jobs  growth and brought about a pause in its new year rebound.
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The dollar edged up against the yen on  Friday, building on a rebound from a five-year low ahead of  closely watched U.S. jobs data.
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The dollar rose near a two-and-a-half-week high versus the yen on Monday after a jump late last week following a U.S. employment report.
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The dollar rebounded on Wednesday as  investors focused on relative interest rates, which  increasingly were expected to favor the dollar, and reversed  some bets against the currency.
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The dollar edged higher against major  currencies on Thursday after the U.S. weekly jobless claims  report suggested stable job creation, although Hurricane  Charley likely skewed the data.