The dollar hiked against the Japanese yen after it reach its lowest levels in three weeks, this rise in dollar value comes after the statement announced by Mr. Bernanke, the chairman of federal reserve bank, that the renewed recession in the united states America doesn't seem unlikely. This has increased the dollar against other major currencies as investors took advantage of Bernanke's increasing the demand on the dollar.
The euro decline against the dollar during today's Asian session, where the pair trades at the level 1.3351, recording a high of 1.3420 and a low of 1.3333. The euro faces the support 1.3300 which could stop the downside movement. The daily and four hours momentum indicators show the pair gives a selling signs.
The British pound decline against the greenback during the Asian session, while the pair trades around the level 1.5739, recording a high of 1.3420 and a low of 1.3333 and the pair is facing a support level at 1.5700. The momentum indicator on the daily and four hours charts give selling signals.
The Japanese yen against the greenback pair incline slightly, where the pair trades around 82.89, recording a high of 82.98 and a low of 82.72. The daily momentum indicators give buying signs