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Dollar again at low vs. euro
Security concerns, trade gap, beef woes plague currency, which also loses ground against yen.
December 29, 2003: 8:41 AM EST
LONDON (Reuters) - The beleaguered dollar hit record lows against the euro and was down over half a percent against the yen early Monday as security worries and concerns over the U.S. trade deficit kept the greenback under pressure.
Dealers said there were no fresh factors behind the latest dollar selloff, although some said a rise in the Nikkei share average above 10,500 was prompting some yen-buying.
In a holiday-thinned market, the euro rose as high as $1.25 surpassing its previous all-time high of $1.2470 hit last Wednesday.
Durable goods orders plunge
November order for goods fall an unexpected 3.1% versus expectations for a 0.8% rise.
December 25, 2003: 1:29 PM EST
WASHINGTON (Reuters) - New orders for long-lasting U.S. manufactured goods plunged unexpectedly in November, falling at the steepest rate in more than a year across a broad range of categories, a government report said on Wednesday.
Gold drifts toward 8-year high
Precious metal rises in thin trading as dollar continues to drop against the euro.
December 29, 2003: 6:52 AM EST
LONDON (Reuters) - Gold prices inched toward an eight-year high Monday as the U.S. dollar dropped to another record low versus the euro, but the move was exaggerated by thin trading conditions.
Dealers said they were not expecting the market to budge far from current levels until next week when more participants would return after New Year celebrations.
November help-wanted ads rose-Conference Board
Mon December 29, 2003 10:01 AM ET
NEW YORK, Dec 29 (Reuters) - Help-wanted ads in U.S. newspapers rose in November, suggesting the nation's employment situation is improving modestly but steadily, a report showed on Monday.
The Conference Board said its employment barometer climbed to 39 in November from 37 in October. A year earlier, the index stood at 40.
"The labor market is finally sparking to life," said Ken Goldstein, an economist at the private economic research group.
The Conference Board compiles its index by surveying help-wanted ad volume at 51 newspapers across the country each month.