Forex: Dollar Recovery Hits a Road Block as Data Prints Strong and Risk Appetite Rallies

Though it was not a dramatic change from the circumstances we were experiencing through the end of last week, the US dollar showed an exceptional level of volatility through the opening 24 hours of the trading week. Now, the trading community must determine whether this is a sign that the New Year has encourage a resolution of increased activity amongst its participants or whether trading conditions are simply still distorted.