US dollar declined against most of the world’s currencies in the Asian session, due to increased speculation by investors that still the US economy is not as stable, to get to an early increase in interest rates. According to them, the Federal Reserve will continue to maintain the level of “indefinitely” as Fed are ready in good signals from the economic growth in the country to increase interest rates.
The yen rose against most world currencies, amid forecasts for a fall at Nomura, according to which the price of oil will adversely affect the Japanese currency. JPY traded at 117.97, up to 1.5% since the beginning of the year until now. Against the euro, the yen climbed to 0.3% or 139.63 yen per euro.
Euro, rose against the dollar after last week reached the lowest levels since 2005 1.1754. Sentiment on the euro remained negative due to analysts’ expectations for quantitative easing by the European Central Bank and the deepening crisis and studies which show that in Greece the anti-European party Syriza will win the elections and could lead to exit the country Eurozone.
Australian currency added 0.1 percent to 81.65 cents per Australian dollar, amid better data from China’s imports and exports. YTD AUD has risen 0.6% against the US dollar.