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As we have been noticed since the beginning of this week and especially regarding the last trading day, the US dollar began its correction process against the Japanese yen.

Currency Day Trading The dollar drops against the Euro and Yen over concerns of the U.S. trade deficit.

Exporters enjoyed better fortunes in November, according to the latest figures. Thanks to UK firms shaking off the credit risk of selling goods and services abroad and winning new business, the UK trade deficit narrowed. The deficit on trade in goods and services dropped to á3.1 billion from á3.6 billion in October, while the goods deficit narrowed from á5 billion to á4.6 billion.

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President Bush met with Prime Minister Berlusconi a day after Washington announced a monthly record trade deficit for October of $55.5 billion.That has helped drive down the value of the dollar. That helps U.S. manufacturers because American goods are less expensive for foreign buyers. The dollar is of particular concern in Europe where much of its decline has come against the euro and the British pound.

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Policy challenges include cutting the public sector deficit to 3% of GDP by 2008, from about 6.5% in 2006, and tackling a persistent trade deficit.

Forex Day Trading March 11, 2005 (AXcess News) New York - The dollar drops against the Euro and Yen in currency trading over concerns of the U.S. trade deficit after the government reported its second-highest monthly trade deficit ever.The Euro was up at $1.3463 in European trading from Thursday's New York close of $1.3424. The Yen also rose against the dollar, hitting a high of 104.29 Yen to the dollar before falling to 103.74 Yen. Thursday, the dollar bought 104.40 Yen in New York.

While the yen was trading strongly against the dollar on Thursday morning, the currency slipped in the afternoon.

Financial In Market Fueling the dollar's drop was a report released Friday by the US Commerce Department that showed trade gap figures for January of $58.3 billion, a rise of 4.5 percent over the trade deficit reported in December. The second-highest trade gap since November when the deficit was reported to be $59.4 billion.

Stock Trading System Economists had estimated that January's trade deficit would be near $56.5 billion, surprising currency traders when January's actual figures were released.

Day Trading Stock Tip As the U.S. trade deficit continues to climb, traders are growing concerned over foreign investors who hold dollar-denominated assets, such as stocks and bonds.

Financial Forex Forex Software Japan's prime minister, Junichiro Koizumi, had commented Thursday that Japan is looking into diversifying its huge foreign reserves, which is mostly in dollars. Trading in dollars fluctuated Thursday following Koizumi's

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Day Lesson Stock Tip Trading Hiroshi Watanabe, Japan's head of the ministry of finance, said that Japan is not pursuing such a policy, which caused currency trading to balance off, recovering earlier losses of the dollar against the yen.AXcess News will be reporting on any new market trends related to this story. Members should watch their in-box for late breaking business news. If you're not a member, consider joining now.

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