The dollar staged a powerful advance in light trading Friday, extending a rally in which it now has regained more than half the ground lost in a steep sell-off earlier this year.
The dollar staged a sharp retreat late Friday as new evidence of sluggish economic growth in the United States raised expectations of further declines in American interest rates.
The U.S. dollar rose against most currencies Friday in response to congressional agreement on the U.S. budget.
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The dollar staged a late rally Wednesday as nervous traders began reassessing a perception that had emerged in financial markets that economic growth in the United States is running out of steam.
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The dollar staged a broad retreat late Wednesday as jittery foreign exchange traders speculated that the Bank of Japan and other central banks still want to push the dollar substantially lower.
Immigration agents Friday rounded up 36 suspected illegal aliens on Santa Catalina Island, including some employed by motels, hotels and restaurants, authorities said.
The stock market turned downward Monday, retreating from last week's new high near the 1,300 level in the Dow Jones industrial average.
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The dollar staged a broad retreat Tuesday, undercut by falling interest rates in the United States and renewed concern abroad about the stability of the American banking system.
The dollar staged a late rally Tuesday in the United States, overcoming earlier declines that followed the release of government reports of sluggish economic growth and large trade deficits.
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The dollar shook off early losses and rose broadly Thursday, staging its sharpest one-day rise in more than three months amid speculation that U.S. interest rates may be bottoming out and American economic activity may begin picking up.
