International Forex Inforamtion

Dollar strikes back in early US session, with the help from falling oil and gold prices, and rebounds against most major currencies. In addition, worse than expected consumer confidence data from US sends stocks back into negative territory, which in turn lifts the dollar further against commodity currencies. As noted earlier, while Sterling's rally earlier today was impressive, the strength in other major currencies, including Euro, Aussie and Loonie were not that apparent which cast some doubts about weakness of the greenback. Markets look indecisive for the moment and would likely continue to gyrate inside established range until Thursday's key events of ECB and NFP.