The Plucky Buck Bucks the Trend

The greenback has bounced back from its big dip. But don't expect the newfound strength to last long, warn some traders

Stomach-churning dips haven't been confined to the stock markets. Currency markets, too, have been giving investors a hair-raising ride. First the dollar went into a nosedive against the euro -- plunging 18% from mid-January to mid-July. Now, the greenback has suddenly come back, rising about 4%, to 97.4 cents to the euro on Aug. 7.

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