Released on: January 9, 2008, 1:21 am

Press Release Author: finexogilad

Industry: Financial

Press Release Summary: After the long dip the dollar rose to certain height, in
spite of the fact that the gains were too limited, on the contrary euro have been
trading above 1.47 us dollar. But the major concerns stay with the US housing
markets which possess consequential risks to the US economy, where there is enormous
prospect for the decline in the interest rates by the Federal Reserve again by the
end of the month.

Press Release Body: After the long dip the dollar rose to certain height, in spite
of the fact that the gains were too limited, on the contrary euro have been trading
above 1.47 us dollar. But the major concerns stay with the US housing markets which
possess consequential risks to the US economy, where there is enormous prospect for
the decline in the interest rates by the Federal Reserve again by the end of the
month. Many of the market player's have eyed upon the federals new turn. The feeble
us economic data has stimulated concerns for recession in the world's biggest
economy that could spark fear for the us federal reserve which could bring down the
interest rates the coming month.
The dollar was on the down trend against its major currencies yesterday on account
of constant us housing data, and many of the investors turn to the euro zone being
curious for British concerns about interest rates on the coming week. The dollar
moved to a higher position but it remained confined on account of weak us data and
concerns for the rates cut by the fed. The European central bank and bank of England
declaration for the interest rates have been the most projected events of the week,
which will take the economy to the new direction.
The US central bank's having current interest rate at 4.25% it is expected to fall
below a point by the fed in the coming conclusions. The investors or the market
drivers are uncertain for the prospects of hike in rate for the euro zone looking
over to the concerns about the problems prevailing in the US economy which can also
include the Europe under its premises. As analyzed by the www.forexwebtrader.com the
market rate for dollar stood at 109.6 yen looking over the previous close of 109.13,
and at 1.1164 versus Swiss franc which had a close of 1.1165 earlier on the other
hand the pound was at 1.9803 against the us dollar having previous close of 1.9699.
However the yen went down on a big rate due to the Australian dollar which rises to
a height on expecting the rates hike and rise on gold to a next high record.
It's a general phenomenon that when there is decline in the interest rates of US it
will weaken the dollar worth which compels the investors to go for the oil. The
foreign investors are more fascinated towards oil trading in dollars especially
when the dollar is on a down trend it can be analyzed that the decline in the
dollar worth's leads way for speculative player's to the oil market its due to
these activities that took the oil prices above $100 previous week.


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