The dollar's weak trend was corrected last week, with the currency bouncing back particularly against the euro.
U.S. stocks are hitting bottom, which suggests the end of a weak dollar. U.S. stock prices are expected to be a main force moving the exchange rates in the medium to long term.
But the correlation between currency rates and stocks has weakened recently. While share prices shot up last week after fears of July 4 terrorist attacks failed to materialize, the dollar strengthened much more modestly.
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