Forex-Here.com All about Forex

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.

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

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.

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

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.

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

The United States currency decreased a bit in relation to other major currencies throughout the morning forex trading session in Sydney due to the outlook for the weak US economic data and announcements by the Federal Reserve chairman – Ben Bernanke and the president of European Central Bank – Jean Claude Trichet.

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

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.

This morning Forex trading session in Sydney showed the further growth of the United States Dollar in relation to other currencies caused by the actions aimed to the recovery of the economy of the country. This has also caused the growth of the US Treasury yields.

During the morning forex trades the Japanese Yen was at the point of 105.23 in relation to the USD and the Euro get the point of 1.5461 against the US dollar.