Global Recovery: Good or Bad for the U.S. Dollar?

If you've followed my commentary on currencies here in Money and Markets, you are well aware of the risk dynamic that has been driving currencies and other financial markets since the middle of last year. In this crisis environment, market participants have been keenly focused on risk. And the dollar has served as the primary safe haven vehicle for global capital. For that reason, bad news has been good for the dollar as investors flee riskier investments in search of safety. And good news has