U.S. Dollar: Putting Up A Good Fight

It has been a tough week for the U.S. dollar, but the greenback is putting up a good fight. After hitting fresh year to date lows on Friday, the dollar staged a dramatic recovery that led many currency traders to wonder if we are finally seeing a turn in the dollar. The greenback ended the last trading day of the week higher against nearly all of the major currencies. In fact, it was the first time this week that the dollar closed higher than it opened against the euro and Australian dollar. During strong trends like the one that we are in now, traders look at every hiccup as a potential of being “the” top or bottom in a currency pair.

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