One dollar currently sits at 99.08 yen and touched 99.49 in early Tuesday evening Asian trade. The upward move for the greenback is an impressive and sharp reversal of a sharp fall off to open the new currency trading week Sunday evening and Monday morning.

The U.S currency extended gains on its Japanese and European counterparts Tuesday as optimism about a U.S. government plan to remove bad assets from banks’ balance sheets prompted investors to resume safe haven bets on the Dollar.

THE PRICE OF GOLD ticked lower once more early Wednesday, bouncing higher from $918 an ounce for the second day running in London as world stock markets rallied on a strong Wall Street start.

With a rally in stocks and other equity markets last week, traders witnessed a significant downtrend in USD pairs and crosses. Losing strength to almost all currency rivals, save the JPY, the greenback indeed suffered from this increase in risk appetite.

The USD is mixed to open New York today after starting mildly better in Asia overnight; traders note initial disappointment from the G-20 meeting which announced nothing new and appeared to be simply a re-hash of the current economic situation created a brief push higher for the Greenback.

THE PRICE OF GOLD jumped into the New York opening on Thursday, recovering two-thirds of this week’s 5% losses as the surge in world stock markets reversed.