Baltimore – (TFN): The dollar is a dangerous entity these days. Never has there been such a globally important currency with as much political and financial manipulation.

The distortions from reality are mind-boggling, yet all of us depend on the status of the simple fiat for our financial wellbeing.

This recovery is wonderful in every way, except the important ones. It is like a shiny new airplane. It has glossy aluminum wings. It has plush seats in the first class section. Trim stewardesses serve drinks. Movies are available on demand in all sections…

The U.S. dollar rose on Wednesday as news that China would act to restrict redundant investments underscored concerns about a global recovery and tempered the positive impact of data showing a jump in new U.S. home sales.

The dollar edged up against the euro and yen on Monday in extremely thin trade as Wall Street surrendered earlier gains and traders repositioned themselves ahead of U.S. consumer and housing data due this week.

In the currency market, the dollar moved lower against the euro. Late Friday, the euro was trading at $1.4215 vs. $1.4194 on Thursday.

In the currency market, the dollar inched up against the euro. Late Thursday, the euro was trading at $1.4194 vs. $1.4214 on Tuesday.

In the currency market, the dollar fell against the euro. Late Wednesday, the euro was trading at $1.4214 vs. $1.4199 on Tuesday.

In the currency market, the dollar rose slightly against the euro. Late Tuesday, the euro was trading at $1.4199 vs. $1.4226 on Monday.

In the currency market, the dollar climbed against the euro. Late Friday, the euro was trading at $1.4099 vs. $1.4142 on Thursday.

Risk aversion returned to markets on Thursday, supporting the U.S. dollar and government bonds, after mixed economic data, while concern about the possible failure of a small U.S. lender sparked caution following the week’s robust gains in stocks.