Ever since the middle of last week, the dollar has shown some stability in the forex trading market, especially since many of the other major currencies have been quite risky. To begin the week on August 16th, the dollar continued to be a safe zone for investors, causing the greenback to gain against some of the majors. These gains are largely due to the continuation of economic recovery in the US, while other countries are struggling with poor economic data. However, Dow Jones and NASDAQ both went down, and landed at 0.16% and 0.77% respectively.

Ever since last week, the euro has been weakening against the dollar, and it hit a three-week low to begin this trading week. The EUR/USD traded at a high of 1.2906 and a low of 1.2749. The pound also continued its decline against the dollar as the GBP/USD forex currency pair traded at a high of 1.5679 and a low of 1.5572.