The US dollar has started the week strong thanks to the better than expected leading indicators report.

For the better part of this past week, the euro, Japanese yen and British pound have been trapped within a tight trading range against the US dollar.

A weak dollar has caused major problems ranging from deteriorating export growth to inflation. The one good thing that the weaker dollar was supposed to do is to save the US manufacturing sector. Will it?

The US dollar extended its gains against every major currency.  Softer consumer prices have failed to stifle the dollar's recovery as the market wonders how much longer producers will be able to bear the brunt of higher prices.

US retail sales decreased 0.2 percent in the month of April, but the US dollar skyrocketed as there was strength beneath the headline number.

The biggest event risk for the US dollar this week will be the April retail sales report.

The US dollar has satisfied both bulls and bears this week depending upon the currency pair in question.

The relative quiet of the economic docket has proven to be a boon for the dollar’s evolving reversal so far this week.

Once again the US economic calendar was relatively light, and yet the greenback was able to ratchet significant gains against most of its major counterparts.

Despite a quiet economic calendar, the US dollar was on the retreat Tuesday against most of its major counterparts.