Asia exporters hit by weak dollar, spending fears
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Asian shares fell on Tuesday as a soft dollar and concerns about weak holiday spending in the key U.S. market prompted investors to unload shares in exporters such as Samsung Electronics  and Honda
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The dollar sagged on Thursday, pressured by a sharply weaker-than-expected US regional manufacturing survey, but the currency remained rangebound as dealers awaited comments
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The US dollar hits a new low against the euro in early Asian trade as fears over the state of the US economy deepen.
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The dollar weakened against major  currencies on Friday in thin holiday-season volume, as traders  took profits after early-session gains.
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The yen touched an 18-month low against  the euro on Monday, slipping with emerging Asian currencies as  traders tried to assess the economic fallout from tsunami waves  that devastated parts of Asia the previous day.
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The dollar held near a record low  against the euro and a 4-1/2-year low versus the yen on Monday,  sending Asian shares sharply lower, after a meeting of rich and  developing nations said nothing to arrest its fall.
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Exporters led a fall in Asian shares on Monday as oil prices set new highs near &#36;47 and data showing the U.S. trade deficit widened to a record raised fresh concern about the health of the world's largest economy.
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Asian stock markets tumbled on Monday, with exporters hit hard as the dollar slumped to a 15-year low against a basket of major currencies on concerns the U.S. economy may be heading into a recession.
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Fueled by strong demand from China, three of Asia's top exporters revealed robust trade data for July, but economists said the outlook was darkening.
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The dollar headed lower against a range  of currencies on Wednesday, falling most steeply against the  yen after a key business survey from Japan provided enough  impetus to encourage yen buying.
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The dollar held a one-day gain in Asia on speculation policy makers will express concern at its recent decline during a meeting of officials from the Group of 20 largest economies this weekend.
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Asian stocks slumped to a two-week low on Monday, extending a weak start to 2008, while the dollar hovered near multi-week lows after weak U.S. jobs data heightened fears of recession in the region's top export market.
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Asian shares are hit amid the growing belief that the US - the region's key export market - is sliding into recession.
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The dollar weakened against major  currencies on Wednesday after a below-consensus snapshot of  regional U.S. business activity  kept the currency under  selling pressure.
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Foreign buyers are capitalizing on the weak dollar to snap up US companies at bargain-basement prices, boosting investment in high-tech regions like New England but also fueling concerns about jobs and technology flowing out of the country.
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Asian markets plunged Wednesday on growing speculation the U.S. economy Â a vital export market Â is sliding into a recession that could lead to a global slowdown.
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Sirva is feeling the pinch as organizations look to spend less on employees based overseas.