Plucky dollar still on the ropes

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moneyweek.com May 12, 2008

The dollar is fighting back, prompting speculation that its seven-year downtrend may be over. However, the crucial drivers behind the falling greenback haven't gone away… ... The dollar, the “whipping boy” of the foreign-exchange markets, is fighting back, prompting... [read full story]

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Beijing, Riyadh will call shots on ailing dollar

gata.org May 11, 2008

By Liam Halligan The Telegraph, London Sunday, May 11, 2008 Only a month ago the dollar slumped to an all-time low against the euro. And it's just five weeks since the greenback hit a 12-year low against the yen. read more ... Submitted by cpowell on Sun, 2008-05-11...

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8. The dollar's dominance called into question

iht.com May 11, 2008

What are the chances that a day of reckoning is coming, when the dollar would be so weak that America would have to play by the rules that apply to every other country? ... A peek behind the price at the U.S. gas pump Russia has been diversifying its hoard of foreign...

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Tide may be turning for dollar

reuters.com May 11, 2008

LONDON (Reuters) - The tide may be turning at last for the U.S. dollar after seven years of decline as policymakers recognize the inflationary threat of an endlessly weakening greenback, whose losses have driven up oil and commodity prices. ... By Natsuko Waki LONDON...

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Dollar edges up in Asian trade

afp.com May 12, 2008

TOKYO (AFP) - The dollar posted modest gains in Asian trade on Monday as traders braced for a raft of data that may shed new light on the extent of the US economic slowdown, dealers said. ... The dollar edged up to 103.13 yen in Tokyo morning trade from 102.82 in New...

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Dollar edges up in Asian trade

zawya.com May 12, 2008

The dollar posted modest gains in Asian trade on Monday as traders braced for a raft of data that may shed new light on the extent of the US economic slowdown, dealers said. ... The dollar edged up to 103.13 yen in Tokyo morning trade from 102.82 in New York late Friday....

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Editorial: Weak dollar hits family budgets

dallasnews.com May 12, 2008

It's simplistic to blame higher oil prices on China's insatiable demand for oil and America's love affair with the automobile. A weak U.S. dollar increases the cost of oil and other imports for American consumers. For months, the Fed had aggressively slashed interest...

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Beijing and Riyadh will call the shots on ailing dollar's future...

drudgereportarchives.com May 11, 2008

Have your say Read comments Only a month ago the dollar slumped to an all-time low against the euro. On Wednesday, the dollar reached a six-week high against the European single currency, closing in on $1.53 - an improvement of more than 5 cents. The greenback's relative...

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Dollar mixed before new economic reports

ibtimes.com May 12, 2008

The dollar furthered its modest rally Monday as markets awaited hints from the U.S. Federal Reserve about interest rate moves, and also economic figures from Washington. ... The euro purchased $1.5443 in morning European trading, down from $1.5480 late Friday in New...

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Dollar climbs as US economy shows signs of recovery

fxstreet.com May 12, 2008

Poor economic data revealed last week for the Euro Zone, as well as the outlook that Fed will keep interest rates steady, pushed the Dollar up to two-month highs against the Euro and a basket of major currencies. The US currency traded at 1.5392 against the Euro at 7:00am GMT. The Dollar’s...

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