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The US dollar has been fluctuating a lot in the past few days, moving sideways or weakening, especially due to the European Union’s decision to help Greece with their deficit.

The dollar gained against most majors in the Forex market. While the exports and imports of the US increased in the past week, the trade balance came out at -40.2 billion, which is worse than the expected -35.8 billion.

Crude oil closed at $74.5/barrel for a 0.9% increase, while gold closed at $1073/ounce for a 0.4% decrease. The Dow Jones weakened by 0.20% and the NASDAQ weakened by 0.14%.

After the euro gained from easing uncertainties, it fell once again against the dollar.

This drop is largely due to the German government’s announcement that the European Union may delay the announcement of an aid package for Greece.

Uncertainty struck once again as Fed Chairman Bernanke alluded to possible rate hikes and the loans to Greece remained without guarantee. The EUR/USD pair traded at a high of 1.3812 and a low of 1.3676.

The GBP declined against the dollar and the euro due to concerns about the Bank of England’s announcement of a possible decrease in economic growth.

Manufacturing production came out better than the expected 0.4% at 0.9% and Governor Mervyn King announced intentions of extending bond purchases.

The GPB/USD pair traded with a high of 1.5764 and a low of 1.5570. The USD/JPY pair traded at a high of 90.06 and a low of 89.25.

Due to a lack of major economic changes in the US, the dollar didn’t gain or drop much from previous values.

The Dow Jones and the NASDAQ both weakened, with Dow Jones posting a -1.04% change for a three-month low and the NASDAQ weakening by -0.7%. Gold weakened by a small percentage, closing at $1,062.5 per barrel, while crude oil gained to $71.68 per barrel for a 0.69% increase.

The Pound weakened against both the dollar and the euro, largely due to the recent trend of decline in stocks. The GBP/USD pair traded at a high of 1.5660 and a low of 1.5534, and the pair is currently being oversold as it continues on its downward trend. The RICS House Price Balance came out 4% higher than the expected 28%.

The euro was able to gain on the pound, despite the worries over the Greek, Spanish, and Portuguese economies.

Still, Forex investors’ worries and hesitation are evident as the euro remained unchanged against the dollar. The EUR/USD pair traded with a high of 1.3714 and a low of 1.3621, as it continues to be oversold.

The Japanese yen experienced little change against the pound, dollar, and euro. The USD/JPY pair traded at a high of 89.56 and a low of 89.15.

On February 5th, the US dollar gained across the board once again, except against the Japanese yen.

The NASDAQ gained by 0.74%, while the Dow Jones gained by 0.1%. Gold remained unchanged at $1,065.6 per ounce, while crude oil dropped to $71.19 per barrel, a -1.71% change from the previous value.

Economic problems in certain European countries continue to affect forex rates.

The economic problems in Greece, Portugal, and Spain are still proving to be a huge concern as investors continued to sell the euro.

The RSI indicator shows that the major trend for the EUR/USD pair is downward as it is currently being oversold.

Corrections may be in store for the pair, but overall it traded at a high of 1.3746 and a low of 1.3585 on February 8.

As investors turn to risk aversion strategies, the yen has gained versus the dollar, pound, and euro. The USD/JPY pair is currently going downward, trading at a high of 89.89 and a low of 88.83.

The pound dropped to its lowest in eight months against the dollar. The PPI came out to 2%, non-farm employment changes came out worse, and again investors are turning to risk aversion.

The GBP/USD pair traded at a high of 1.5775 and a low of 1.5558.