| USD/CHF | GBP/USD | USD/JPY | EUR/USD | |
| 1.1115 | 2.0845 | 109.65 | 1.4965 | |
| Resistance | 1.108 | 2.08 | 109.15 | 1.4895 |
| 1.107 | 2.0765 | 108.8 | 1.4885 | |
| 1.096 | 2.065 | 107.05 | 1.4805 | |
| Support | 1.089 | 2.061 | 106.5 | 1.4775 |
| 1.0845 | 2.051 | 105.95 | 1.475 |
The US Dollar continues the down trend with full energy after a short break yesterday. The credit market worries reinforced expectations that more Federal Reserve interest rate cuts are imminent. The Dollar is trading around the levels of 1.4880 against the Euro, around the levels of 107.68 against the Yen and around the levels of 2.0735 against the sterling.
“A growing number of analysts suggest the exchange rate will break the psychologically key $1.50 level this year”, Reported by Liran Kapeluto from Finotec dealing desk.
Investors remain on edge about fallout from the credit crunch as the approaching year-end may force investors to dump assets or scramble for cash to get their books in order amid market strains. Worries about the U.S. economy and expectations for repeated Federal Reserve rate cuts have caused the dollar's broad tumble to accelerate against low-yielding currencies such as the yen and Swiss franc, as well as versus the euro.
Take a Deep Look at the Japanese Yen
The Yen raising to 2 ½ years high as US stocks market decline, it cause to an unwind carry trade and gives a strong push to the JPY. A sharp downtrend took the Yen from 124.00 on June to 107.50 against the dollar. “The investors fill safe with the JPY as increase high risk in the stocks market”, reported from Finotec dealing desk.
Today the daily calendar contain busy and important events, Most of the investors will pay attention to the publication of the consumer confidence on 15:00 (GMT) from United State. Any number lower then the forecast of 91.5 can cause to slippery Dollar in the short term.
Today's Economic Events
| Date | Event | Country | Period | Previous | Forecast | Significance |
| 00:00 GMT | Consumption Indicator | CHF | Nov | 1.992 | 2 | |
| 08:15 GMT | PPI m/m | CHF | Oct | -0.30% | 2 | |
| 09:00 GMT | Ifo Business Climate Index | EUR | Nov | 109.6 | 2 | |
| 09:00 GMT | Ifo Business Expectations Index | EUR | Nov | 98.6 | 2 | |
| 14:00 GMT | National Home Price Index | USD | Sep | -4.4 | 2 | |
| 15:00 GMT | Consumer Confidence | USD | Nov | 95.6 | 92.5 | 3 |
| 15:50 GMT | Richmond Fed Index | USD | Nov | -5 | 2 | |
| 23:50 GMT | Retail Sales y/y | JPY | Oct | 0.50% | 2 |
