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According to the latest forex data the USD decreased on Monday after the investors suggested that the economic climate of the USA remained negative one. Thus the USD lost definite power from the positive US housing and consumer confidence numbers last week.

The United States dollar kept its high positions supported by decreasing oil prices and several certain announcements from the Federal Reserve. The oil prices have decrease below the $130 a barrel point and the Charles Plosser at the Fed made his announcement concerning the possible inflation. Due to his words growing inflation could cause the Federal Reserve to increase interest rates before any recovery at the labor and financial markets and this is quite supportive for the USD. Moreover the USD was also supported from the announcement of the Hank Paulson – US Treasury Secretary who said about the importance of the strong currency.

The morning forex trades in Sydney showed unstable United States dollar in relation to major currencies such situation was caused by the more aggressive intentions of the central bank of the country in the process of constraining inflation. The central banks of the US and European countries changed their intentions concerning soon interest rate hikes thus have caused the split among the traders about the currency moves.

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The United States currency has not almost changed in relation to other currencies throughout morning forex trades in Sydney. Thus the USD has strengthened the highs it has gained after the possibility of the interest rate hikes expressed by the Federal Reserve officials.

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The morning forex trades in Tokyo resulted in the growth of the USD in relation to yen caused by the increased demand and possibility of the basic materials costs growth. So the USD reached 105.07 yen and the Euro - $1.5765. However it is expected that the US dollar will decrease soon due to the US unemployment numbers that have increased throughout the May. The jobless level in the US reached the 5.5% point throughout the May instead of the 5.1 percent predicted by the experts.

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The USD changed slightly throughout the afternoon forex Asian trading session in relation to Euro and Japanese Yen. However it decreased to euro to $1.5597 throughout the night caused by the announcement of the European Central Bank President Jean-Claude Trichet about the possible increase of the interest rate in the next month after the slowing down the inflation trend. According to David Mann at Standard Chartered yesterday’s changes of Euro will be followed by the new numbers concerning unemployment situation today.

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The forthcoming issue of the US economic numbers and new interest rate by European Central Bank contributes to slight change of the USD in relation to the Euro and Japanese Yen throughout the afternoon forex trades in Asia.

The US data to be issued includes the unemployment report for the May and non-manufacturing index.