The greenback managed to strengthen a bit

US dollar strengthened for the third day in a row. It happened as traders keep taking profits on gains in other currencies.

Elizabeth Belugina, an analyst of FBS brokerage company thinks that the greenback was helped by US Treasury Secretary Timothy Geithner’s announcement who for the first time since February said that the country’s government wants dollar to be strong. It’s necessary to note
, however, that this news didn’t erase the increasing market’s concerns about the loose policy of the Federal Reserve that’s pressuring dollar’s rate.

As a result, despite the positive outlook for US currency during the next few days, investors will still focus on selling dollars to buy equities and commodities of emerging markets. Specialists at Royal Bank of Scotland expect that the deviations from the dollar down move will be small.

The dollar index, which measures the greenback’s performance versus a basket of six other major currencies – euro, yen, pound, Canadian dollar, Swedish krona and Swiss franc, – was up added 0.4% today though it’s still close to 2010 minimum at 76.144 hit last Friday.

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