The dollar has put in for a remarkable showing in volatility terms this past 24 hours, and that is likely to carry through over the final hours of this trading week. However, as we’ve discussed before: volatility does not necessarily translate into trend generation. There is a lot in the fundamental backdrop currently that can stir volatility for the greenback, but underlying risk trends are once again holding the reins. If the greenback is playing its risk appetite connections, its erratic performance makes a little more sense. T

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Fundamental Headlines

European Session Summary

The U.S. Dollar’s remarkable run the past few days seems to have taken a breather on Wednesday. As the worst performing currency ahead of the North American trading session, this appears to be little more than a corrective move after gaining over 2 percent collectively across the board from Friday through Tuesday. L

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USD Dollar (USD) – The Dollar weakened against most of the major currencies in forex trading, on Friday, during a trading session with low volatility. The ISM Manufacturing PMI came out at 55.3, which was better than the expected 51.5. The U.S. Stock Markets closed positive as the Dow Jones jumped by 1.36% and the NASDAQ gained 1.53% as the Euro zone’s debt crisis was seemingly no longer on the forefront of investors’ concerns. Crude oil was left virtually unchanged, closing at around $95 a barrel, but will probably rise if the 95.7 level is breached. Gold

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The greenback was down sharply at the close of North American trade with Dow Jones FXCM Dollar Index (Ticker: USDollar) falling 0.69% for a 108.15% move of its daily average true range. With global headlines dominated by scenes of ant-austerity protestors storming the streets of Athens, it’s of no surprise that the passage of the much needed measures by the Greek Parliament saw investors eager to take on risk. Stocks rallied for the third consecutive day with Dow, the S&P 500, and the NASDAQ advancing 0.60%, 0.83%, and 0.41% respectively. Crude

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