The United States dollar strengthened its positions in relation to main currencies throughout the last forex trading session. It has reached the point 104.80 against the Japanese Yen and 1.5349 in relation to Euro. Among the reason caused this growth we can outline such factors as the speech of the Thomas Hoenig the Kansas City Federal Reserve President and the growth of the US productivity that turned to be higher than expected.
The main point to be singled out is that the Japanese Yen declines for the second consecutive day on Forex. The sole reason is the current situation occurred at the markets. The United States dollar became more attractive for the traders and that is why the Japanese currency is being sold off.
We should also mention that despite the fact that the greenback increased for the second time this week in relation to Japanese Yen, the Yen itself has also decreased in relation to such currencies as British pound and South African rand by 5% and 11.5% interest rate correspondingly.