Opening the week, the dollar is yet again making moves to the upside.  Concerns about inflation and economic frailty seem to be holding less weight than the weakness seen in Europe and the rest of world, and Citigroup analysts Tom Fitzpatrick and Shyam Devani today issued a note about the euro, stating that a possible return to 1.33, a level last reached on May 7th, must be considered.

Positive reports from a number of large U.S. companies have also buoyed the dollar, though many have maintained concerns about the Fed interest rate. If the rate remains low, the speculation is that forex investors will seek assets with higher returns elsewhere, resulting in diminished dollar strength.

Stay tuned until Wednesday, when at 2:15PM EST, the Fed Funds Rate announcement will occur.