The Euro continued to come under pressure as the market focuses on Thursday's Rate Decision. Also weighing on the Euro was concern over Ireland and Greece Sovereign debt been put on rating watch by S&P.
The British pound has retraced more than 50 percent of the rally we saw last week, as lingering risk aversion weighs on some of the more volatile currencies.
The Australian dollar was pulled sharply lower again Tuesday as Asian equity markets remained soft, commodity prices were weak and ratings agency Standard and Poor's warned regional neighbor New Zealand it could lose its AA-plus credit rating.
US Dollar strength is likely to persist for the rest of the week.
The British pound has retraced more than 50 percent of the rally we saw last week, as lingering risk aversion weighs on some of the more volatile currencies.
The Australian dollar was pulled sharply lower again Tuesday as Asian equity markets remained soft, commodity prices were weak and ratings agency Standard and Poor's warned regional neighbor New Zealand it could lose its AA-plus credit rating.
US Dollar strength is likely to persist for the rest of the week.
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