The US dollar suffered a triple blow today from the lack of any direct comment about the dollar at the G8 meeting and weaker economic data.

Since the beginning of this week, the euro has fallen more than 500 pips against the US dollar, the biggest weekly gain in three years.

The US dollar has strengthened across the board following a much better than expected retail sales report.

The tug of war between Bernanke and Trichet is now very apparent with the Wall Street Journal talking about how these two men are competing for the title of the most hawkish central banker.

So far it has been a very good week for the US dollar, which has seen its biggest two day rise in 3 years.

With inflation skyrocketing and gas prices hitting an average of $4 a gallon, the US government wants the dollar to rise.

It was a dramatic end to the week for the US dollar and the markets in general. The NFP release lived up to its title as the top market-moving indicator with a reading that sent the greenback tumbling for a second consecutive session and the Dow plunging nearly 400 points.

The US dollar fell against many of the majors including the euro and British pound, but the move was driven primarily by European fundamentals rather than those out of the US.

The dollar's upside trajectory was maintained Wednesday, though its advance certainly lost some of its steam from yesterday.

The US dollar rocketed higher on Tuesday following a speech by Federal Reserve Chairman Ben Bernanke, in which he issued hawkish commentary and finally commented on weakness in the national currency.