The US Dollar has been mixed in forex trading versus the other major currencies today after reversing some early losses. The American currency has traded higher 
today versus the euro, Swiss franc and British pound while falling against the Japanese yen, Australian dollar, New Zealand dollar and Canadian dollar.
The dollar was weaker in the morning of the U.S. session as stocks rallied with help from news of a memo from Citigroup CEO Vikram Pandit that said the bank was profitable for the first two months of 2009. A profitable quarter for Citigroup would be quite a turnaround after registering a loss of $8.29 billion in the fourth quarter of 2008.
Today’s stock market rally is the biggest so far this year as the Dow Jones Industrial has gained 5.02 percent and 328.47 points as of 3:37pm EST. The NASDAQ has climbed 6.13 percent and 78.77 points while the S&P 500 has advanced 5.69 percent and 38.85 points to level at 715.38.
The US dollar reversed early losses versus the Swiss franc to trade higher as the USD/CHF trades at the exchange rate of 1.1634 at 3:43pm EST according to currency data from Oanda. The USD/CHF opened the day trading at 1.1550 and reached an intraday low of 1.1432 before turning around.
The euro has fallen versus the dollar after the EUR/USD opened at 1.2676 today to trading at 1.2654. The EUR/USD managed to reach an intraday high of 1.2822 earlier today. The British pound has also declined versus the dollar as the GBP/USD fell from its 1.3846 opening to trade at 1.3738 later today.
The Australian dollar rocketed higher versus the dollar today before giving back some of its gains but is still higher for the day versus the American currency. The AUD/USD trades at 0.6430 after opening the day at 0.6387 and made a high of 0.6489. The New Zealand dollar followed a similar trajectory as the Aussie versus the dollar and the NZD/USD trades at 0.5016 after opening at 0.4975 and making a high of 0.5052.
The dollar has declined against the Japanese yen as the USD/JPY trades at 98.72 after opening the day at 98.97 and the dollar has also declined versus the Canadian dollar as the USD/CAD trades at 1.2855 after opening at the 1.2926 exchange rate.
