By | January 13 2010 10:32 AM

The dollar is losing strength in the markets as there is optimism in the markets as a result of projections that global economic growth is steady, as investors are optimistic, they tend to trade in higher yielding currencies versus lower yielding currencies which therefore weighs on the dollar's momentum. The Dollar Index, which usually measures strength of the dollar versus six major currencies, is currently traded at 76.93 while recording a high of 77.14 and a low of 76.59.