Released on: January 2, 2008, 3:13 am

Press Release Author: finexogilad

Industry: Financial

Press Release Summary: Waiting for the new us data after a week holiday, the market
in Australia was on expectations that, if the banks in Australia will increment the
mortgage rates without waiting for the central banks decision.

Press Release Body: Waiting for the new us data after a week holiday, the market in
Australia was on expectations that, if the banks in Australia will increment the
mortgage rates without waiting for the central banks decision. There are
expectations in February for the hike a bit. Looking over the scenario the banks can
however adopt the criteria for increase in interest rates for home loans to cover-up
the intensified cost of borrowing.

It's indeed extremely difficult to predict the trend in US market when they are so
fickle, but it can be sensed from the prevailing factors that the market players or
the investors are still expecting for the decline in the rate cuts to let the dollar
move to a short position. The predictions concludes that there is still possibility
for the us dollar to fell from past two years low position through market
fluctuations the scenario of economic slowdown will make the us assets low worth for
the investors.

Trading at 1.4633 per euro and 1.1308 versus franc as analyzed by the
www.forexwebtrader.com the US dollar was down against both the legal tenders the
euro and the franc. However from the earlier close of Australian dollar from US
$0.8817 it came down to US$ 0.8776. Dollar came down sharply and is recently worth
111.37. The US dollar came down to a low of 1.4658 versus its European complements
after loosing the grounds on Asian trading.

Looking over to the European currency the yen remained on the down trend the
euro-yen pair which was at a close of 162.95 went to a low against it however the
European currency moved forward against the pound but remained slightly down against
its major counterparts. The yen was at a low of 112.15 versus dollar and 99.12
versus the franc related to the previous close of 111.66 and 98.53 against the two
currencies.






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