(11:30 GMT - 13/11/07) It appears that many market players remain concerned about the future outlook of the US financial system so they are not yet confident in the US economy and its currency thus uncertainty pushes the dollar to be volatile.

No market can escape the bad luck brought about by the Sub-prime crisis. Stocks markets around the world are likely to fall further at least on the short run and the way I see it, sub-prime mortgage problem and the weakening US economy, a vital export market will continue to weigh on markets as the year comes to a close.

The euro is showing mixed signals trading against its major counterparts. The euro moved higher against the US dollar at the start of today's session. But the pair lost ground during early European trading and slipped to 1.4678 from 1.4736. The Euro Zone price stability is facing upward risks no doubt over the medium term. Those risks higher prices for oil and agricultural products, and unless the ECB acts in a firm and timely manner on the basis of its assessment, I predict that the average inflations will round to a 2.5% in 2008.

Against the British Pound, the dollar advanced in early European trading to record a high of 2.0483 and a low of 111.40 where the pair is worth now 2.0431.

Though it looks like the yen is weakening against the US dollar now according to the market, the over all movements assures that the yen is gaining on speculation the Feds plan to resolve the credit market turbulence wont work, pushing the pair to the downside to record a low of 111.40 after recording a high of 112.24

The US currency has been on and about between weaknesses and strength lately mainly due to the uncertainty and volatility that is dominating the US markets. Yet today with the data we are about to receive we might however be able to stand on solid grounds.