After showing signs of recovery earlier this week, USD is back on the track losing to the leading world currencies. USD's direction was influenced by the release of the last FOMC Meeting Minutes which showed that the Government was looking for new incentives plan that is to pull the US economy out of the crisis. Tomorrow US September CPI will be published (it's expected to gain 0.2%) as well as Retail Sales for September (expected to gain 0.5%), indices that might influence USD's quotes, and may be even to slow down its fall. In the mean time, USD falls to 1.4090 against the EUR, which is the eight month record for the pair. This rise is following the trend started about a month ago at $1.2600. Since then EUR gains about 1400 pips and is expected to cross the 1.41 line soon (if nothing changes). It should be notes that USD's long term resistance lies far far away at 1.5150.

USD/JPY – 81.20

Despite the efforts of the Japanese government to weaken JPY, it continues to grow stronger against the USD now reaching its 15-year record high. Now the pair stands at 81.20, so if the US economy doesn't show some signs of recovery, the pair might cross the 80 line downwards.