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Most major currencies continued to rally against the US dollar especially the risky currencies including the AUD, CAD ass they have appreciated during most of last week against the USD; the main reports that may have affected forex traders include the recent U.S. jobless claims report, U.S. retails sales report and U.S.'s Federal Budget report. The forex traders continue to keep close tabs on the developments in Europe regarding the debt crisis and the U.S.'s economic progress. The recent G20 meeting over the weekend may have eased the concerns of the financial community in regards to the European debt crisis.

For the complete weekly EURO/USD analysis report see in Forex NRG

Most major currencies continued to depreciate against the USD throughout the closing week of September; the ongoing uncertainty in the forex market in regards to the European debt crisis and the recent announcement of the Fed's stimulus plan to purchase long term securities may have helped major currencies to trade down against the USD.

Here is a short review of the changes in major exchange rates for the week of September 26th to September 30th 2011:

For the complete weekly EURO/USD analysis report see in Forex NRG

Most major currencies sharply depreciated against the US dollar mainly during the second part of the week; many attributed these changes in the forex market to the disappointment from the Fed's plan to purchase long term securities and no QE3 program. By the end of the week, many currencies slightly regained some of their losses against the US dollar. The ongoing concerns over the Euro Area debt crisis will continue to affect the Euro/USD throughout the rest of the week.

For the complete weekly forex analysis report see in Forex NRG


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