How long the dollar can hold out as the headwinds to free-market economics increase is debatable.

Wide European sovereign debt spreads underline the state of unease for many member countries, and ongoing fears of political fallout from the financial crisis bodes poorly for the euro itself.

At the start of this past week, many were wondering if the Japanese yen had lost its safe-haven status, as the currency pulled back sharply despite broad declines in the stock markets.

The British Pound is nearly assured a volatile week ahead as a multitude of conflicting leads ahead of the interest rate announcement from the Bank of England is sure to catch at least some market participants off-guard.

Currency markets continue to churn with everyone clueless as to how our economic future will turn out.

The government grants you a European vacation?

Flight to quality resumed on Friday, leading the US dollar to gain against nearly every currency as the S&P 500 fell to its lowest closing level since December 1996.

The US dollar ended the day modestly lower against most of the majors, with the exception of the ultra-weak Japanese yen, as the currency consolidates within an ultra-tight range.

Time to get the rottenness out of the banking system.