NewsMine — economy — united-states — 2005 — 2005-jan-mar — Viewing Item

US dollar falls against euro Original Source Link: (May no longer be active)    http://www.forbes.com/work/feeds/ap/2005/02/17/ap1833393.html http://www.forbes.com/work/feeds/ap/2005/02/17/ap1833393.html Associated Press U.S. Dollar Falls Against Euro 02.17.2005, 06:58 AM The U.S. dollar fell Thursday against the euro despite upbeat comments this week from U.S. Federal Reserve Chairman Alan Greenspan on the state of the U.S. economy. The euro bought US$1.3060 in afternoon trading in Europe, up from US$1.3034 late in New York on Wednesday. The dollar also slipped against other major rivals, buying 105.29 yen versus 105.36 the day before. The British pound rose to US$1.8890 from US$1.8860 late in New York. The euro soared from about US$1.20 in September to an all-time high of US$1.3667 at the end of December before leveling off around the US$1.30 mark. But concerns about the ballooning U.S. trade and budget deficits that have driven the 12-nation currency's surge have not gone away and many analysts expect the euro to move past US$1.40 this year. In testimony before the Senate Banking Committee in Washington on Wednesday, Greenspan indicated that the Fed is likely to continue gradually increasing interest rates - a course that would make U.S. bonds more attractive to investors. He said that the U.S. economic expansion rolled into the new year at a respectable pace and that inflation, while not an immediate threat, is something policy-makers must continue to guard against.

2004 trade deficit hits all time high { February 10 2005 } Big earnings dont help markets Bush plans sharp cuts in HUD community efforts { January 14 2005 } Bush wants mexicans to do americans low pay jobs { March 23 2005 } California economic dependent on realestate boom { March 15 2005 } Companies are adjusting their prices for costs { March 25 2005 } Consumer confidence falls in march 2005 Dollar drops as korea backs away Dollar recoups losses on greenspan speech Dollar slides to two month low against euro Economy grows better than expected Fed considers rate hikes on inflation fears Fed raises rate a quarter early { February 2 2005 } January market drop worst since 1982 Jobless claims { January 2005 } [jpg] Stocks fall as fed discloses interest rate fears Stocks lower on trade deficit worries { March 11 2005 } Trade deficit rises risk to dollar { January 13 2005 } Treasuries fall as fed raises rates over inflation US dollar falls against euro US dollar gains on euro Files Listed: 21

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