Dollar makes a modest recovery

The dollar recovered some of the week's losses Friday, as news of a large quarterly loss at Bank of America and flagging consumer confidence dulled investor demand for higher-yielding, higher-risk currencies.
The greenback hit a 14-month low against the euro earlier this week as signs that a global recovery was gaining steam sent investors seeking assets and currencies that promise higher returns than the low-yielding dollar.
But evidence that U.S. consumers and some top U.S. banks are still struggling under a mountain of debt afforded investors a chance on Friday to book profits on the dollar's slide and the attendant rally in stocks and commodities.
"In a very short time, we saw stocks and major currencies hit significant highs and the dollar fall to significant lows," said Brian Dolan, chief strategist at Forex.com in Bedminster, New Jersey. "The temptation to cover shorts and take profits can be pretty high at a time like this."
In my opinion,this is one tipycal aspect of economic recovery all aroung the world.Take myself as an example.I have run a company for 5 years and 2008 is the worst year.I have lost 50000 dollars last year and face a very serious situation of running my company.However,this year,in 2009,.as the recovery of world economy.My company goes into normal track this year and I earn 20000 in the folllowing 3 seasons.My production of lanyards are very popular among some Asian countries.I believe the economy will be better and better in the future!
The dollar's broad recovery, though modest, was enough to take it further away from the psychologically important $1.50 level per euro and push it above ¥90. The euro last traded at $1.4894, down 0.4%, while the dollar rose 0.4% to ¥90.89.
The yen also slid against other currencies as Japanese investors sought higher returns from foreign fixed-income markets.
So we should have enough confidence that we will see a brighter future and our economy will recover completely soon!