There is a lot of uncertainty in the markets right now, and that is reflected in the situation with the greenback. The US dollar is mixed right now, tending a little higher in some cases. Mostly, though, the greenback is moving between gains and losses against its major counterparts.
There is a lot to be uncertain about right now. Economic data from around the world has been generally good lately, but not so good as to remove all doubt of relapses into recession in some regions. There seems to be a case for an earlier taper from the Federal Reserve, but that is far from certain as well, with concerns about the labor market in the United States still prevalent.
Another concern that impacts the dollar revolves around the stability of the eurozone and the euro. There is still a lot going on in that quarter, and plenty of uncertainty to be had. For now, many currencies, including the US dollar, seem to be looking for direction.
At 14:33 GMT the US dollar index is a little lower, dropping to 81.0200 from the open at 81.1790. EUR/USD is currently a little lower, at 1.3433 from the open at 1.3434. GBP/USD is up to 1.5984 from the open at 1.5907. USD/JPY is down to 99.4800 from the open at 99.9610.
If you have any questions, comments or opinions regarding the US Dollar,
feel free to post them using the commentary form below.