Dollar continues its last Friday decline against major currencies after Mr. Bernanke speech, where the Federal Reserve Bank President noted that there is no need to create a new stimulus plan, also the consumer spending increased in the United States of America which helped to return confidence in the financial markets.

The euro advanced against the U.S. dollar during today's Asian session. The EU currency is trading as of this writing at 1.4522 after recording the highest of 1.4525 and the lowest of 1.4506. On the short term the currency faces a resistance at 1.4570 while the momentum indicators show the pair is heading to the upside.

The pound soared against the U.S. dollar during today's Asian session touching the highest of 1.6411, after it recorded the lowest of 1.6394, and as of this writing it is trading at 1.6406. On the short term the currency faces a resistance at 1.6450, while the momentum indicators show the pair is heading to the upside.

The dollar/yen pair retreated today where it reached to its lowest at 76.82 level, the pair now is trading at 76.86 recording the highest of 76.94. Momentum indicators show the pair is heading to the upside.