Released on: January 14, 2008, 1:12 am

Press Release Author: finexo

Industry: Financial

Press Release Summary: The financial market and the various currencies in US and a
numerous other industrialized nations have been under substantial exertion since a
very long time, the tumult has influenced the prospects for the development of the
economy, by way of its financial credit availability to household ands business
sectors.

Press Release Body: The financial market and the various currencies in US and a
numerous other industrialized nations have been under substantial exertion since a
very long time, the tumult has influenced the prospects for the development of the
economy, by way of its financial credit availability to household ands business
sectors. Financial market stipulations have a very sensitive effect to the upcoming
economic outlook, as these stipulations assist the investors or the market players
with the knowledge about the future yields and the assets worth. These communication
or the mutual action has led to volatile conditions that has made the forecasting
the key to economic evaluation rather difficult.

Focusing on the conditions of US economy, in order to avoid recession it was thought
that the fed would make an increment to the interest rates that intact brought the
dollar to the third week low against the euro the decline in interest rates have
been considered in favor in order to retain the economy out of the bars of
recession. However, the dollar is recently worth 1.4867 against euro, as against
sterling it's trading at 1.9614, 1.0975versus franc and 108.48 against yen as
revealed by www.forexwebtrader.com recent report.

Looking over the Japanese yen it almost traded high against the US dollar and
sterling, recently its being worth 108.48 versus dollar and 212.82 versus sterling.
On the other hand the AUD went to another low after the possibility of additional
hike in the interest rates, subsequent upon the high inflation data. The Australian
currency which was at a close of US $0.8940 on Friday closes high at US $0.8945.
However it's being predicted that the hike in interest rates will bounce back the
Australian currency as the investors will keep keen to have hike in rates that will
pay back them high yields.

Gold, however have been on the record breaking way, the investors were on the belief
that gold's next move can be up to 1000 $ as it had already went to the record break
of 897.80$ on Fridays this week. The investors are trading with the view to invest
on bullion rather to have an investment on depreciating currencies.




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