Euro Slips on Calls for Asian Flexibility
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The euro fell on Tuesday after more  European officials called for Asian economies, particularly  China, to take on a bigger share of the dollar's weakness and  let their currencies rise.
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SINGAPORE: Chinaâs reluctance to unshackle the yuan when the dollar is plumbing record lows against the euro risks sparking political tensions that could complicate the already fraught task of ironing out global economic imbalances.
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Asian share markets were flat on Tuesday, ignoring weaker oil prices and a mild rise in U.S. stock markets, and the dollar paused as officials in Europe and Japan fretted about its recent decline.
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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 pound was down against the Euro and US dollar but made gains on the Japanese yen.
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China came under renewed pressure Saturday from the Group of Seven to make its yuan more flexible, while Japan emerged from the meeting without a public scolding, despite criticism beforehand that its weakened yen was hurting other economies.
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The dollar slipped against the yen on  Wednesday after a Bank of Japan survey suggested the  deterioration in Japanese business sentiment was not as bad as  some had feared.
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LONDON  - The euro drifted back from another all-time high against the dollar as dealers booked profits following the sharp appreciation in the currency in the wake of comments from European Central Bank president Jean-Claude Trichet and weak US
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The euro slumped on Monday as fears about the prospect of a US slowdown infecting the global economy sparked a rout on the world's stock markets.
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NEW YORK : The dollar firmed slightly after trading near an all-time low against the euro, getting some help from comments from eurozone officials calling for action on the sagging greenback.
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The dollar barely moved on Tuesday,  struggling to sustain a modest bounce from multi-week lows  against the euro made on bigger-than-expected capital inflows  to the United States.
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LONDON  - The euro wavered after failing to pierce the symbolic 1.30-dollar threshold, as eurozone officials expressed disquiet at the currency&#39;s rise to record highs against the greenback.
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The dollar rose in Asia after China gave the Group of Seven no timetable to move to a flexible exchange rate, resisting a US government effort to stop Asian nations weakening their currencies.
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0439 GMT -- US Treasuries extended losses in Asia after slipping in New York, where a strong reading in the Philadelphia Fed&#39;s manufacturing survey dented Treasuries.
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The dollar jumped against the euro on Friday, building on overnight gains made after the European Central Bank reiterated that Asian currencies should be more flexible, taking pressure off the single currency to climb.
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Oil prices slipped to seven-week lows  on Wednesday, lifting Asian shares, while the dollar gained on  fresh warnings over the euro's strength ahead of an expected  U.S. interest rate rise later in the day.
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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.