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Due to latest news from Columbia its currency has increased a bit caused by the decreased possibility of slowing inflation. According to Alvaro Camaro a chief analyst at Stanford Financial Group’s unit in Bogota the growth of the economy is expected to decrease by 50 percent throughout this year. He has added that the market supposes that the inflation will slow after the August.

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 latest events that get the USD back to its previous positions enabled the US currency to return all it has lost. The recently issued data about durable goods orders appeared to be quite higher than it was forecasted.

As US traders return to the markets following the Memorial Day holiday, a spate of economic releases will await them. Much of the event risk for the US dollar will likely come from weakening in the housing sector, consumer confidence, and durable goods orders. On the other hand, Thursday’s Q1 GDP release is forecasted to reflect an upward revision, which could prove to be a huge boon for the greenback. Meanwhile, euro traders should keep an eye on German labor market figures and those holding Canadian dollar positions should beware of Friday’s Canadian Q1 GDP report.

While the traders expected the US existing home sales data to be issued the Euro grew a bit in relation to the United States dollar. This growth of the Euro was caused by the opinion that the data from the housing sector will not contribute to any improvement in the US economy. According to Steve Pearson at HBOS the certain decrease of the mortgage applications number and pending home sales reflects the current situation.

Only few factors could contribute to the change the USD trend to decrease. We had only consumer confidence survey issued by University of Michigan in the end of the week. However, it didn’t turn to be a key point as it was only the revision of this index. And it’s quite low figures is the only reason why experts can not make any straight predictions concerning future move of the United States dollar.