The dollar fell to a three-week low against the euro Wednesday, pressured by news China has asked to debate proposals for a new global reserve currency at next week's Group of Eight summit.
The dollar and euro climbed against the yen Monday, as gains in oil prices and U.S. stocks along with better-than-expected sentiment in Europe rekindled hopes of a global economic recovery.
The dollar fell against most major currencies Thursday, tracking a change in U.S. stocks, which rose as investors expressed optimism that economic deterioration was ebbing.
Major central banks with interest rates close to zero must keep them there for a substantial period of time and the European Central Bank, must act soon to lower rates further, the OECD said on Wednesday.
The U.S. dollar rose against the euro Monday on concerns over the euro zone's economic and fiscal outlook, while higher-yielding currencies slipped on worries about global growth prospects.
The dollar gained broadly Monday as Russia expressed confidence in the greenback as the world's reserve currency, while concerns about the euro zone economy undermined the euro.
Euro-zone banks will probably need to write down another $283 billion this year and next on bad loans and securities, the European Central Bank said on Monday.
The dollar rose Friday, rebounding from vicious selling earlier this week, while data showing a plunge in euro-zone industrial production highlighted economic weakness in the region and pushed the euro lower.
The dollar fell to a three-week low against the euro Wednesday, pressured by news China has asked to debate proposals for a new global reserve currency at next week's Group of Eight summit.
The dollar and euro climbed against the yen Monday, as gains in oil prices and U.S. stocks along with better-than-expected sentiment in Europe rekindled hopes of a global economic recovery.
The dollar fell against most major currencies Thursday, tracking a change in U.S. stocks, which rose as investors expressed optimism that economic deterioration was ebbing.
Major central banks with interest rates close to zero must keep them there for a substantial period of time and the European Central Bank, must act soon to lower rates further, the OECD said on Wednesday.
The U.S. dollar rose against the euro Monday on concerns over the euro zone's economic and fiscal outlook, while higher-yielding currencies slipped on worries about global growth prospects.
The dollar gained broadly Monday as Russia expressed confidence in the greenback as the world's reserve currency, while concerns about the euro zone economy undermined the euro.
Euro-zone banks will probably need to write down another $283 billion this year and next on bad loans and securities, the European Central Bank said on Monday.
The dollar rose Friday, rebounding from vicious selling earlier this week, while data showing a plunge in euro-zone industrial production highlighted economic weakness in the region and pushed the euro lower.
Wall Street will return for the first trading day of a new month Monday with the economic outlook still unclear and the bankruptcy of a major American business icon looming large.
Lounging amid the bruised plastic furniture and polyester carpeting at his dilapidated offices at Dublin Airport, Michael O'Leary, CEO of Ryanair, is ebullient about his low-cost carrier's prospects: "We'll mop the floor with every airline in Europe!"
The dollar rose against the euro Tuesday on negative European production data and ahead of a central bank meeting expected to slash rates to a record low.
The dollar and yen strengthened broadly Monday on rising risk aversion as concern grew that an outbreak of swine flu in Mexico could become a global pandemic, while the Mexican peso fell sharply.
The dollar was mixed Tuesday as the euro rebounded from a one-month low on a report that showed a much-bigger-than-expected increase in German investor confidence in April.
A Federal Reserve official tells CNN that the Fed has not ruled out the idea of having regular news conferences to discuss monetary policy and other issues.
The dollar rose against the euro and the pound Monday morning but fell versus the yen as global stocks dropped in response to renewed concerns about the U.S. automotive industry and banks.
Making his international debut at the Group of Seven meetings in Rome, new U.S. Treasury Secretary Timothy Geithner said swift and decisive action is needed on several levels to address the global financial crisis.
The dollar rose against the euro and lost ground against the pound Thursday after the European Central Bank held interest rates steady and the Bank of England cut its key rate by half a percentage point.
The dollar was mixed Monday against other major currencies in advance of monetary policy announcements from a number of central banks due out later in the week.
The dollar gained against the euro Friday after a European Union report showed euro-zone inflation fell to a near-10 year low and unemployment in the region rose to a two-year high.
The U.S. dollar gained against the pound but fell against the euro and yen Thursday as investors were confronted with grim data from the housing and labor markets.
The U.S. dollar fell against major currencies Wednesday, reversing a trend from earlier in the session, as rising stock prices appeared to increase investors' appetite for more risky assets.
The U.S. dollar surged against European currencies Tuesday, the same day that President Barack Obama officially took the oath of office, as the market remains focused on weakness in the global banking system.
Crude oil prices recovered Tuesday, after falling to their lowest level in more than a month, amid volatility on the last day of trading for the current active contract.
The dollar was mixed against rival currencies Thursday as concerns about the nation's banking sector vied with optimism surrounding the government's proposed economic stimulus program.
The dollar rallied against major currencies Tuesday as investors sought safety in the U.S. currency after Fed Chairman Ben Bernanke said Wall Street may need additional bailouts.
The dollar ticked lower against major European currencies Monday after the weekend's G-20 economic summit in Washington failed to impress currency investors.
The dollar rallied against the British pound and edged higher versus the euro and yen amid a growing feeling that European economies will weaken further.
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