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The U.S. Dollar is trading higher this morning against most major currencies except the Japanese Yen as traders have turned against risk and are seeking shelter in lower yielding assets. The overnight strength in the Dollar is being attributed to heavy selling pressure on the Euro and British Pound.

Sovereign debt issues in Greece and a poor jobs report in the U.S. helped the Dollar finish better against most major currencies. Throughout the day, investors seeking a safe harbor supported the Greenback. Early in the session the Dollar got a boost when rumors spread that the S&P Corp. was considering a cut in Greece’s debt rating.

The U.S. Dollar is trading mixed against most major currencies after a volatile, two-sided overnight trade. Thinning trading conditions and position squaring ahead of this Friday’s U.S. Non-Farm Payrolls Report is having an influence on this week’s trading action.

Stronger global equity markets contributed to the weakness in the Dollar early in the trading session as traders once again increased demand for more risky assets after reassessing U.S. economic data and the odds of an interest rate increase by the Federal Reserve.

The U.S. Dollar finished mixed against most major currencies with the massive losses coming against Pacific Rim markets.

The U.S. Dollar fell to a 15 month low against a basket of currencies on Tuesday as concerns about debt issues in Dubai subsided, leading to increased demand for higher yielding currencies. Further weakness in the Dollar was attributed to a report that Chinese manufacturing increased at its fastest pace in five years.

The U.S. Dollar continued to weaken overnight against most major currencies after China announced that its manufacturing sector rose to a seasonally adjusted 55.7 last month. This growth rate was the fastest pace in five years or since the index began being tracked.

After reaching a 15 month low early in the week, the U.S. Dollar closed higher for the week against a trade-weighted basket of currencies. Technically, this closing price reversal, once confirmed, often leads to a 2 to 3 week retracement. The daily chart suggests that a move through 77.50 is necessary to turn the main trend to up.

The U.S. Dollar finished mixed after a choppy trade on Tuesday. The Dollar began the day weak, but turned around following the release of mixed economic data. A sell-off in the stock market prompted traders to sell higher risk assets.

The U.S. Dollar finished higher against a select few of currency markets in a trading session that was highlighted by volatility and trading surprises.

The U.S. Dollar finished lower against most major currencies. Today’s weakness was triggered by a follow-through rally in the equity markets which led to renewed interest in higher yielding assets.