Forex-Here.com All about Forex

© All about forex | www.forex-here.com

The USD recent trend is quite positive this fact is caused by the possible growth of the interest rates until the end if the year. According to Federal Reserve Chairmen – Ben Bernanke the inflation continues to grow and it is expected to grow further.

The United States dollar experienced some growth at the afternoon forex trades in London after the changes in oil prices and quite high US data issued. The fall of the oil prices doesn’t eliminate the inflation but now the danger the market facing is not do sharp. Let’s consider the current situation, the oil prices reached the point over $135 last week and then decreased below the $130. The European governments are under pressure of the demonstrations concerning high oil prices that make the French President to request the decrease of the Europe’s VAT on oil.

According to the latest news from the Forex markets the United States dollar continues to grow in relation caused by the opinion that there will be no more declines of the interest rates. The Federal Reserve considers the inflation as the one of the main problems and still is trying to pursue the policy in the proper direction.

The CMC Markets official James Hughes said that many forex traders heartened by the yesterday’s speech of the Federal Reserve Chairman despite the fact that this speech hardly resembled the monetary police roadmap.

The British pound decreased rapidly especially in relation to the United States dollar throughout morning Forex trading session after the necessity of another interest rates cut by the Bank of England became quite obvious. The negative information that caused such fall is the reports concerning the fall of the house prices and decline of the retail sales level. So the British currency reached the 1.95 point in relation to the USD.