Released on: January 8, 2008, 3:32 am

Press Release Author: finexogilad

Industry: Financial

Press Release Summary: The outcome of the various strategies adopted by the central
banks and the US data, ruin the dollar worth. The prompt response is dollar began to
be disposed-off by the investors, but the US dollar succeeded to retrieve against
some of the currencies.

Press Release Body: The outcome of the various strategies adopted by the central
banks and the US data, ruin the dollar worth. The prompt response is dollar began to
be disposed-off by the investors, but the US dollar succeeded to retrieve against
some of the currencies. It retrieved against euro and yen on account of integration
of the market because of shortage of elemental stimulus. The investors are still
examining for the further rate cut in the coming weeks, prospecting for a higher
decline in rate
With the beginning of second week of the year 2008 the US dollar inhibit from its
weak position the previous year against most of its major complements. However the
Federal Reserve managed to safeguard the economy from inflation last year but the US
data and forecast stays to be frightful. The last week came up with the bunch of us
releases which pointed out the economic conditions in us, most of which came up with
lower than expected outcome. The fed during previous year however declined the
interest rates by1% to ease the financial credit market and encourage the economic
growth. There is hesitation among the market players whether to sell-off the US
dollar or not, before the being aware about the European central bank and Bank of
England determination about the interest rates.
Us dollar made gold expensive for the possessor of other currencies and also bring
down the gold demand as analyzed by www.forexwebtrader.com the European currency
went on the higher trend against most of its major counterparts the euro was at
1.4719 versus the dollar, 160.94 versus yen and 1.6647 against the euro. Whereas the
Australian dollar went high against the US dollar. The Aussie- greenback which was
at 0.8729 during the last close on Monday stretched high of 0.8795 its seem to fetch
the next high the coming hours.
Concerns about the further interest rates cut, us economic growth etc, probably to
keep the prices on a support, whereas the investors are curious to buy the currency
at this price dips. On the other hand the euros have been gaining from the weak
conditions of the US dollar. The European forecasts have been showing the positive
economic data for the European economy.


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