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By Cameron Ellis

The U.S Dollar rose against most other major currencies Tuesday, concerns have been that policy-makers won’t act decisively to head off inflation spawned by efforts to counter the credit crisis.
The U.S. Dollar rebounded while U.S. stocks retreated yesterday after initial gains were overshadowed by cautious outlooks on the economy.
Traders should be paying close attention to today’s announcement regarding crude oil inventories report as it has the potential to boost the USD in the short-term

By Cameron Ellis

The Euro has become range bound between 1.4100-1.4050 after giving back some of its gains from yesterday. Forex traders are awaiting the next significant news event to determine sentiment as the global economic outlook has become cloudy.