Released on: December 31, 2007, 3:44 am

Press Release Author: finexogilad

Industry: Financial

Press Release Summary: Dollar continued with its fate following the trend of
continued rate cut that took euro to the new path of gracious yield, whereas the yen
been on the perilous position owing to the holiday epoch which took the market to
half way down to its normal outcome.

Press Release Body: Dollar continued with its fate following the trend of continued
rate cut that took euro to the new path of gracious yield, whereas the yen been on
the perilous position owing to the holiday epoch which took the market to half way
down to its normal outcome.

Dollar extended to the year loss against the euro and yen because of the federal
rate cut, it's expected to decline the rates cut in the coming quarter of the next
year the 2008 which will bring the dollar under great depressions. As the market
players borrows the required funds from the nation that provides it in cheaper rates
and invest in the one yielding high returns this cycle drives the fluctuations in
currency market, which can wash off the profits. As the yen can be gained on the
deliberation, BOJ is on the way to keep the rates stagnant where as the Federal
Reserve lowers the financial credit which will take yen stronger versus the dollar.

As analyzed by www.forexwebtrader.com Gold went to the record break high on Monday,
on account of us dollars weakness, high inflation which led to hike in oil prices
and the assassination of the Pakistani politician Benazir Bhutto which compelled the
investors to go for the save assests like gold, treasuries rather than the investing
in riskier currency. It rose to multi days high of 850$. It's being predicted that
there are still expectations for the gold to go high looking at the prevailing
factors and it's upwards trend.
As after the long holiday period there are expectations for dollars to go higher in
the coming year the dollar is at the attractive position for the market players to
go for it as these can bring the us dollar back from its deteriorating position.





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