The dollar found little support from fundamentals Tuesday, but cross market currents helped to keep the currency elevated among the majors.

Given the Federal Reserve’s cumulative 300bps worth of rate cuts since last September, it is obvious that the FOMC is extremely concerned with the mounting downside risks to growth and the persistent credit crunch that helped to nearly drive Bear Stearns into bankruptcy.

Australian employment data is expected to show signs of deterioration during the month of March, as the net employment change is forecasted to rise by only 10,000, while the unemployment rate is anticipated to tick up to 4.1%.

Professional system trader Art Collins shares his daily biases in the index, bonds and currency futures markets for April 8.

Bill Bonner discusses the real problem with the inflation/deflation battle.

On Tuesday, Treasuries, the US dollar, and US stock markets may simply trade quietly until the release of the FOMC March meeting minutes.

No news can be good news for the currency market and this certainly seems to be the case for the US dollar, which has rallied on little economic data.

The US dollar kicked off this week on a better note as rising risk appetite strengthened the US dollar against most of the major currencies.

Currency strategist Boris Schlossberg analyzes the major currencies for the week of April 7.