Forex Report: Dollar Continues To Gain

Forex Report: The U.S. dollar continues to gain on the Euro as poor economic data in the Eurozone continues to trickle in. The Euro (the combined currency for 15 European nations) fell below $1.50 on Friday for the first time since February of 2008. In trading today it hit $1.4905.

The U.S. dollar continues to rise against other currencies as oil (and many other commodity) have been dropping rapidly, signaling an end to the "commodity bubble" for many.

Now investors are looking for more signs that the U.S. economy is once again firming up after several consecutive quarters of dismal growth. This week there will be news on retail sales, employment and consumer prices data. If these numbers tend to be positive, it could tell investors that the U.S economy is recovering and the greenback is a safe place to park your cash.