Against other major currencies,  US currency has shown some firmness as the investors are prompted by a fall in stock prices to flock to their perceived safety.

Dollar Recovered the losses

On Friday the dollar that weakened during early New York trading recovered the losses  during the later part of the session.

Early trading versus the single currency

In Monday’s early trading versus the single currency, the dollar has strengthened and it had climbed to a 4-day high of 1.4523. Right now 1.43 is seen as the next possible target level if the dollar rises further. Friday’s North American deals has been closed by the EUR/USD rally at 1.4582.

Dollar Rise against Pounds

During Monday’s early trading, the US currency rallied to a 4-day high of 1.6599 against the pound, as compared to 1.6679 hit late Friday in New York. On the upside, the next possible target for the cable is seen around the 1.645 level.

Dollar Rise against currency of Switzerland

During today’s early trading, the US Dollar spiked up to a 4-day high of 1.0410 against the currency of Switzerland. If there is a further rise in greenback, 1.049 is seen as the next possible target level. USD/CHF rally was quoted at 1.0378, at yesterday’s New York session close.

Dollar Rise against the New Zealand dollar

During this time period the US dollar also traded higher against the commodity related currencies. Against the New Zealand dollar, the dollar climbed to a 4-day high of 0.6971, from Friday’s closing value of 0.7061.

Greenback Rise against the Canadian dollar and Australian Dollar

The greenback hit a 4-day high of 1.0861 and 0.8551 against the Canadian dollar and the Australian Dollar, as compared to last week’s closing values of 1.0781 and 0.8633, respectively.

Dollar Lowered against the Japanese unit

On the contrary, dollar eased against the Japanese unit, and it touched a low of 90.22, compared to 90.67 hit late Friday in New York, having 89.8 seen as the near term resistance level.

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