Alex Beuzelin Dollar Quotations

With a lack of any key economic news, once again the direction of the dollar is linked to the volatility on Wall Street.

With little in terms of fresh news or developments overnight, traders appear content to trade the U.S. dollar within its current ranges against the world's major currencies.

U.S. dollar pessimism continues to pervade the foreign exchange market.

Deteriorating market sentiment for the U.S. economy and yesterday's less-than-ringing endorsement of the strong dollar policy by Treasury Secretary Paul O'Neill fueled the dollar's latest losses,

The Dollar/Yen remained hemmed in narrow ranges as traders were unsuccessful in their attempts to push the dollar through key technical resistance.

Although a bit lower across the board this morning, the U.S. dollar continues to adhere to its recent ranges against the world's major currencies.

A combination of strong U.S. economic fundamentals and mixed signals from European Central Bank officials with regard to the likelihood of intervention, paved the way for the dollar to extend this week's rally.

There isn't too much conviction in the market today to trade the dollar in an aggressive fashion.