FOREX

Optimismamong the traders follows after rumors that the crisis in the U.S. mortgagesector is in the deepest point and will follow recovery. The traders believethat G7 meeting will send positive signals for the dollar. At the same time theaction of the Federal Reserve with the aggressive benchmark interest rates cutwill start to affect over the U.S. housing market in near term. The Fed is onthe way to cut again the interest rates this month. The EURUSD trading justfall below 1.4100 and are over 180 pips higher than the lowest trading point at1.4281. At the moment the dollar follow the World-Signals.com forecast fromyesterday with target trading level of 1.3840.