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The morning forex trades in Sydney resulted in decrease of the United States dollar in relation to major currencies caused by the declined possibility of the interest rates hike by the Federal Reserve. According to last data the USD was traded at 108.18 Japanese Yen and the Euro was traded at $1.5475.

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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 United States currency decreased a bit in relation to major currencies throughout morning forex trades in Sydney. This was the consequence of the USD decrease in relation to the yen that turned to be the largest one for the last after the possibility of the credit crisis rebounded. Decrease of the credit ratings of Merrill Lynch, Morgan Stanley and Lehman Brothers contributed to the purchase of the safe haven and lead to the significant growth of the Japanese Yen and Swiss franc. The USD was traded at 104.38 yen and the Euro gained to $1.5541.

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The United States currency remained at quite high positions in relation to other currencies throughout the morning Forex trades in Sydney as investors considered the duration of the USD being strong. So the USD was traded at 104.74 yen and the Euro – at $1.5654. The gains of the USD were caused by the positive data provided by the durable goods orders report for the April. As for the new orders for the goods related to durable ones decreased only 0.5 percent throughout the April thus showing the outlook for the 1 percent decline was the wrong one.

The morning forex trades in Sydney resulted in strengthening the United States currency in relation to other currencies. The USD maintained the gains it has reached throughout the night after the opinion that it will be oversold this month appeared. Moreover such factors as the growth of the crude oil prices and announcements made by the San Francisco Federal Reserve Bank Chairman Janet Yellen also contributed to the growth of the USD.

The results of the Forex trades were not bad one for the United States currency. It has increased a bit after the issue of the major economic indices that have shown the possibility of ceasing any recession trend of the US economy. The outlook for the economic activity provided by the NY Conference Board increased by 0.1 percent throughout the April and by the same number in March too. However the Board suggests there could be a certain decrease in the future.

The United States currency exchange rate kept its high positions in relation to the Euro, as there was the lack of the economic data at the forex markets. According to the CMC Markets official James Hughes almost no changes occurred at the financial markets at the beginning of the week. The only data we will have are the German ZEW survey and US PPI report that are to be issued tomorrow. They will provide some new numbers to consider but at the moment there is nothing to make decisions from.

The Tokyo Forex session showed a decrease of the United States currency in relation to Euro that was caused by the effect of the short-term players. So this is the fall that followed the increase of the USD occurred yesterday after the opinion that the US economy will not witness a recession appeared.

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.

There were a lot of talks recently concerning the fact that the Federal Reserve will not decrease interest rates anymore. However nothing is clear and exact and many experts are not sure that this will turn to be so. But the previous Friday eliminated all those thoughts when quite positive jobless rate report was issued that caused Forex markets suggest that situation occurred in the United States may turn to be not so bad.