The U.S Dollar is on its way to recover its Lion's Share

Day before yesterday the U.S dollar has relieved many from anxieties and worries. On the second day too (i.e. yesterday) it went up. I think the U.S dollar’s New Year resolution is to make people happy by moving in an upward trend. From past two days the U.S dollar is going up. Yesterday, the dollar rose 0.5% against the Euro and 0.4% both against the Sterling and the Swiss Franc.

Financial Analysts said that the short-term investors who stepped back owing to the dollar’s weak position are now stepping ahead to buy back the U.S currency. After a holiday, the U.S dollar is in high spirits. The previous week the dollar’s pattern was very vulnerable and many thought to sell-off the dollar at the end of the year2006. But in this New Year the dollar recouped itself and it’s on the way to recover its lion’s share. Let’s see whether it will get back its share or not.