Forex Trading News: Dollar Loses All Advances Gained From G7

The USD has officially lost all ground it took back when the G7 recognizied the alarming situation with the USD.  While the G7's results caused a great gap upon Sunday's open in many of the pairs (ultimately strengthening the USD), the EURUSD was the last currency of the majors to push back levels of Friday's close.  It took just over 10 hours for these levels to be reached, and in many cases destroyed, looking at the GBPUSD and USDCHF.