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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.

According to the latest economic data the United States dollar increased in relation to other major currencies but still it was quite affected by the fact of the decline of consumer spending and sales of property. The level of the consumer confidence is likely to fall to the 60.0 in the current month. According to Sal Guatieri at BMO Capital Markets the US consumers experience hard times due to decreasing house prices, growing energy and food prices and increasing rate of unemployment. The present fall of the consumer confidence level is one of the largest the US economy experienced.