Does the Dollar have Mojo?

From oanda.com

G10 currencies are trading in a well contained range after yesterday’s miraculous recovery amongst risk assets. The selling of the greenback does not seem to be trading in an overextended scenario in either position or price action. Most would have predicted that the dollar should have already come too the fore this morning, citing an “over zealous market” since the Euro agreement of their comprehensive package. Investors continually look at global bourses for direction, they have been the key drivers behind the dollars move. Manufacturing data in the US and China showing signs of improvement can only push ... (full story)