US dollar index is slightly lower today as choppy trading is the norm. Many currencies are trading mixed right now, and that includes the greenback. With concerns about the eurozone, and with speculation about continued currency wars some countries attempt to stimulate their economies, there is some thought that the dollar will show relative strength overall.

The Malaysian ringgit strengthened today as investors felt optimistic about the global economy amid signs that growth is picking up and the worse has already passed. Other Asian currency also gained.

The US dollar weakened on today’s trading session as analysts say that this week’s reports will show weakness of the US housing market. The unfavorable fundamentals will likely prompt the Federal Reserve to keep interest rates near zero, undermining the dollar.

The Japanese yen strengthened yesterday, reaching the highest level in a week against the euro, as the turmoil in Libya increased demand for the safe currencies. Today the yen weakened somewhat.

The US dollar slipped today versus the euro as the experts anticipate that the report today show the low level of confidence among the US homebuilders and on the outlook for the interest rates.

The British pound had a positive performance before the weekend as both domestic and international scenario brought favorable news and consequently traders to purchase assets in the country, as a real estate report revived confidence towards U.K.’s economy.

The emerging market Brazilian currency advanced today after carnival’s bank holidays, fueled by a rally in the nation’s stocks supported by better than expected data published today in the U.S., allowing the real the reach high levels versus the pound and the euro.

After reaching almost its record high versus the U.S. dollar this month as risk appetite rose globally, the Canadian dollar slid as U.S. economic data published today attracted traders to inject capital in the world’s wealthiest nation, decreasing appeal for assets in its Northern neighbor.

The dollar gained today versus most of the 16 main traded currencies paring yesterday’s losses as demand for assets in the U.S. rose after several better than expected figures came out in reports published in the U.S., evidencing that the economic recovery in the country is accelerating.

A long winning streak for the greenback versus currencies like the euro and the Aussie dollar was stopped after a housing report was published today bringing rather negative figures much below estimates, providing support for other currencies to pare losses versus the U.S. dollar.