After weakening in early trading yesterday the US dollar has been fairly steady overnight ahead of significant US economic data and first quarter earnings results from financial institutions this week.
Concerns about the US economy and fresh doubts about credit markets are offsetting the support for the dollar from the G7's strongest expression in seven years about volatility in major currencies.
However the weak USD Trend is still very much apparent and the market continues to focus on economic data and earnings results for futher clues as to the impact and depth of the credit crunch on the US and global economies.
The currency market has a raft of data to absorb over the next few days. We have the text of an enlightening interview with market guru Jim Rogers of last Tuesday (email us for a copy) and his thoughts as always make for interesting read.