EU calls dollar&#39;s weakness &#39;unwelcome&#39;
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The euro&#39;s growing strength against the US dollar is &quot;unwelcome,&quot; the European Central Bank chief said yesterday as the 12-nation European currency hovered just below a record high.
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The euro fell from record highs against the yen and dollar as European leaders expressed concern their currency s strength will stifle economic growth.
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French President Jacques Chirac said Friday he was concerned about how the weaker U.S. dollar could affect European exports and the economy and hinted that the European Union should react to the situation.
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Europe is in the midst of another bout of angst about its currency, amid signs the Bush administration will tolerate a prolonged weakness in the dollar.
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NEW YORK, NOVEMBER 22: The dollar slipped against the euro on Monday in thin trading after a weekend meeting of the Group of 20 finance ministers and central bankers in Berlin offered no concrete measures to stem the dollar&#39;s decline.
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Alan Greenspan came to the home of the euro Friday and warned anxious Europeans to expect little relief from the relentless decline of the dollar against their currency.
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The recent surge in the euro currency is unwelcome and the U.S. Treasury's commitment to a strong dollar is important, European Central Bank President Jean-Claude Trichet said on Friday.
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A top European Union official Monday urged the United States to curb its deficits to help bolster the sagging dollar amid fears a strengthening euro would stifle Europe&#39;s fledgling economic recovery.
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With the European economy on the upswing, companies and governments are shrugging off the dollar's renewed slide against the euro this week &#151; a phenomenon once dreaded as potential poison for the continent's many exporters.
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NEW YORK, December 27  - The euro touched new highs against the US dollar and the Japanese yen today as any intervention by the European Commercial Bank to check the 12-nation currencyâs strength seemed unlikely.
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The current weakness of the dollar against the euro poses a threat to the future of large aircraft manufacturing in Europe, the chief executive of European plane maker Airbus warned in an interview published on Wednesday.
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BERLIN - As the dollar plunges to record lows, Europe and the US kept up a war of words at the weekend, blaming each other for the currency&#39;s fall and avoiding new steps to halt it.
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After a year in which the U.S. dollar fell 5 percent against the euro, the sharply weaker currency isn't expected to rebound soon -- and that means it will likely keep eating into European exports, growth and ...
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The move signaled that the European Central Bank sees the euro's strength against the dollar as a more imminent threat to Europe's sluggish economy than inflation.
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European officials issued their harshest condemnation yet of the euro&#39;s recent surge, in a joint statement after a monthly meeting yesterday.
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The dollar was a touch weaker against the euro on Monday, still under pressure after the meeting in Berlin of Group of 20 finance ministers and central bankers
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The European Union&#39;s head office on Tuesday echoed comments by the European Central Bank chief, warning that &quot;excessive volatility&quot; of the euro&#39;s exchange rate against the US dollar could damage economic growth in Europe.