Dollar Firms as Focus Turns to US Data
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The dollar gained tentatively on Monday, recovering from last week&#39;s record low against the euro and a 4-1/2-year trough against the yen as traders turned their sights to US economic reports due later in the week.
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The dollar kept close to the previous session&#39;s one-week highs against the euro on Thursday, holding steady as investors awaited US data to confirm fresh signs of strength in US manufacturing.
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The dollar posted modest gains against  the euro on Tuesday, as the market digested a slew of U.S.  economic data that failed to substantially alter the outlook  for Federal Reserve interest rate hikes.
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NEW YORK  - The US dollar was little changed against the euro on Monday, after it slumped to a historic low against the European currency at the end of last week, as the markets awaited the release of fresh US economic data in the coming week.
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The dollar stayed in tight ranges on  Tuesday as the market looked beyond a widely expected U.S.  interest rate raise later in the day and focused on what the  Fed would say about the possibility of further increases.
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The dollar steered a steady course against other major currencies on Friday after falling sharply in the previous session as U.S. trade data failed to dispel concerns about structural problems in the U.S. economy.
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The dollar steadied against the yen on Wednesday as robust U.S. services sector data eased concern about the health of the world's largest economy and added to the upward momentum of Asian share markets.
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The dollar held near overnight levels on Wednesday but stayed under selling pressure ahead of U.S. trade data that could swing the market's focus back to the problem of huge deficits in the United States.
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The dollar steadied broadly on Friday  after a swelling U.S. trade deficit and steep oil prices pushed  it lower in the previous session, as investors awaited new data  about the U.S. economy.
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The dollar stalled on Wednesday after  weaker-than-expected U.S. economic data failed to provide new  direction for the market, as focus shifted to what the Federal  Reserve would say after an expected rate rise next week.
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The dollar held on to small gains on  Tuesday as investors remained cautious ahead of a U.S. interest  rate decision and, later in the week, current account data that  could underscore bearish sentiment on the currency.
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The dollar stayed in tight ranges on Tuesday as the market looked beyond a widely expected U.S. interest rate raise later in the day and focused on what the Fed would say about the possibility of further increases.
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LONDON : The dollar fell back after posting gains earlier in the day but dealers remained cautious ahead of key US data this week.
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The dollar gained tentatively on  Monday, recovering from last week's record low against the euro  and a 4-1/2-year trough against the yen as traders turned their  sights to U.S. economic reports due later in the week.
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The dollar held on to its latest gains on Friday after a positive batch of U.S. economic data prompted speculators to buy back the currency before trade trickles down ahead of the year-end holiday season.
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The dollar on Tuesday held almost a cent  above its record low against the euro, winning respite from  recent heavy selling ahead of U.S. trade data and an expected  rise in U.S. interest rates on Wednesday.
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The dollar rallied against most  currencies except the yen on Friday, helped by U.S. economic  data and comments by President Bush and a top Federal Reserve  official viewed by the market as supportive of the U.S. unit.