A look back at the past week of
The Dow Jones FXCM US Dollar Index briefly touched a new 3-month low at the beginning of this week, before ferociously rebounding and posting five straight days of gains.
Despite the initial Sunday night dip, the dollar index rallied through Monday's
But the dollar came back over the rest of the
Wednesday's US Dollar Index trading was fairly quiet until the release of the FOMC minutes in the second half of the NY trading session. The minutes did not diverge from Yellen's earlier comments that only a significant change in the economic outlook could slow the taper pace, which was hawkish enough to send the index 20 points higher.
The dollar continued to rise in trading between Wednesday and Thursday on a disappointing Chinese HSBC PMI that sent the Aussie lower against the Dollar.
The dollar traded fairly steady through Thursday and Friday, not gaining too much against the Pound on disappointing