The US Dollar on a continuous fall

In  Asian trading, the U.S. Dollar fell versus the Japanese Yen to its lowest point in 7-weeks on the forex market. the U.S. Dollar declined to 88.20 Yen on the forex market, approaching the 88.01 Yen low level of October.

   The U.S. Dollar Index fell  to 74.946 .DXY registered  a decline of .2% and approached the 15-month low of 74.679 .DXY established earlier this month. Forex experts explain that several factors are contributing to the U.S. Dollar’s continued fall such as  the continuing fall in the U.S. interest rates and the speculation of hedge fund selling and the rebalancing  the MSCI Japan Index  in favor of the Japanese Yen  on the forex market.

   The Australian Dollar continues to rise especially after  the publication of optimistic economic data according to which  investors expect an increase in interest rates on the forex market. The Australien Dollar traded on the forex market  at $0.9255 which is equivalent to an increase of .7% on the forex market. The Australian Dollar also gained in value versus the Japanese Yen, trading at 81.69 Yen which is equivalent a .4% increase on the forex market.