EUROPEAN UNION

The dollar declined against the euro ahead of the Group of Seven nations meeting in Washington on Friday.

The dollar fell against the euro on Monday ahead of tomorrow's interest rate decisions from European central banks and ratings downgrades for four U.S. mortgage insurers.

The dollar was flat against the euro in late trading on Tuesday after a slight decline earlier in the session following the released minutes from the Federal Reserve's policy meeting last month.

The dollar fell slightly against the euro on Thursday after a report showed consumer spending in February rose at its slowest pace in a year.

The dollar rose against the euro on Thursday as investors pulled their money from commodities and put them into dollar-based investments.

The U.S. dollar fell to a record low on Wednesday amid skepticism that a move by the Federal Reserve to ease a credit crunch will be effective.

The dollar rose against the euro and yen on Tuesday after the Federal Reserve announced it would boost lending to credit-hungry U.S. financial institutions in a bid to avert a recession.

The dollar come under aggressive selling pressure against the yen, falling to its lowest level since 2000 at 101.38 as heightened risk aversion prompted a sharp rally by the Japanese currency. Persistent fears of instability in the US

The dollar slipped against the yen on Monday on concerns that a U.S. recession could dent stock prices but steadied after the head of the European Central Bank raised a warning about currency exchange rates.

The dollar rose after dipping to new all-time lows against the euro on Friday as a report of bigger than expected job losses took a back seat to a plan by the Fed to give additional loans to banks.

The dollar held near a record low versus the euro on Thursday after weak U.S. data fuelled recession fears and Federal Reserve Chairman Ben Bernanke signaled a readiness to cut interest rates again.

The European Commission opened in-depth investigations on Wednesday to determine if billions of euros in German government assistance to two banks, hit by the U.S. sub-prime market crisis, amounted to illegal state aid.

The dollar fell on Tuesday, approaching a record low versus the euro after economic data painted the U.S. economy in a negative light.

The dollar and euro both gained against a weaker yen on Monday as positive news for the U.S. financial sector boosted appetite for stocks and other riskier trades and helped underpin high-yielding currencies like the New Zealand dollar.

EU and U.S. senior officials said on Friday they would crack down on counterfeiting of computer components after they seized over 360,000 fake items in just two weeks in a joint operation at the end of last year.

The dollar fell against the euro on Friday after a gauge of consumer sentiment plunged to its lowest level since 1992, adding to fears that the U.S. economy may be slouching toward recession.

The dollar rose to its highest level against the yen on Wednesday after a government report indicated that retail sales in the U.S. rose more than expected, easing concerns about the likelihood of a U.S. recession.

The yen rose against the dollar and euro on Monday as stocks fell amid inflation concerns and continuing problems in financial markets.

The dollar was on its way to its largest weekly gain versus the euro since June 2006 on Friday amid speculation that the European Central Bank will lower interest rates to boost a slowing economy.

Gold futures edged higher on Thursday, trading $912 an ounce, on speculation that central banks will mimic the U.S. by cut borrowing rates which boosted the appeal of the precious metal.

Aviva Plc has reported growth of 25 per cent in sales for the whole year 2007, worth £38,583 million, thanks to strong growth in North America and Asia. The group has also said it is positive of sales and profit growth in 2008.