*U.S. consumer prices rise for a 2nd month. NEW YORK, April 17- The dollar rebounded from a three-week low against the yen and a 10- day trough against a currency basket on Friday, bolstered by data showing inflation starting to creep into the U.S. economy, a development that should keep the Federal Reserve on track to lift interest rates this year.» Read More
The dollar dropped to a record low versus the Swiss franc and seven-week lows against the euro and yen on Monday as concern that weak U.S. corporate earnings will prompt more interest rate cuts weighed on the currency.
The yen strengthened across the board on Friday as global equity markets sagged on renewed fears that the U.S. financial sector may suffer even more losses, diminishing investors' risk appetite.
The euro climbed across the board Thursday, after European Central Bank President Jean Claude-Trichet flagged more interest rate increases in the euro zone, citing lingering inflation pressures.
The dollar climbed Wednesday following comments from a Federal Reserve official who said it would be a mistake to say a U.S. recession is at hand.
The yen retreated across the board Tuesday as investors waded back into risky carry trades, sparked by gains in global equities and a rise in commodity prices.
The dollar edged upward against the euro and the pound Monday as markets pondered whether rising inflation in the euro zone and Britain may bring interest-rate changes later this week.
The dollar fell Friday after a December report showing the weakest jobs growth since August 2003 fueled fears of a recession and increased the likelihood of an aggressive rate cut by the Federal Reserve later this month.
The dollar was largely unchanged against the euro and yen Thursday, erasing overnight losses after a report showed enough U.S. private sector job growth to ease fears about Friday's payrolls data.
The dollar fell Wednesday, hitting a one-month low against the yen, after a gauge of the U.S. manufacturing sector last month tumbled to its lowest level since April 2003, increasing expectations for more Federal Reserve interest rate cuts.
The dollar rallied against the euro but slipped against the yen in the final trading day of 2007 Monday, though dealers resisted making big bets until volume increases after New Year's Day.
The dollar fell across the board Friday as data showing a 9 percent decline in sales of new U.S. homes last month heightened concern about the economy, putting the greenback on track for its worst week in more than a year.
The U.S. dollar slid against the euro in thin trade Wednesday while the yen traded near seven-week lows as investors continued to fund carry trades by borrowing the Japanese currency.
The dollar fell against the euro in thin trade Wednesday while the yen remained near seven-week lows as investors continued to fund carry trades by borrowing the low-yielding Japanese currency.
The yen dipped to a six-week low against the dollar Monday and fell against the euro as a pre-Christmas equities rally boosted investors' risk appetite.
The yen rose broadly on Thursday on worries that the worst from the U.S. subprime mortgage market fallout was yet to come after Bear Stearns recorded its first-ever quarterly loss.
Merrill Lynch says fund managers it surveyed in December are more pessimistic about corporate profits than they have been in nearly a decade. Seventy-four percent believe we are in a late cycle phase of business expansion while four percent believe the economy has already entered global recession, the firm says.
The dollar rose against the yen on Tuesday as a modest improvement in risk appetite encouraged investors to buy stocks, but it consolidated versus the euro after recent hefty gains.
The dollar rose against the euro Monday, boosted by year-end transactions and speculation of less aggressive Federal Reserve interest rate cuts after last week's strong U.S. inflation numbers.
The yen tumbled and high-yielding currencies posted sharp gains as carry trades regained popularity Wednesday after Federal Reserve and other major central banks announced coordinated measures to ease the money market's liquidity crunch.