(Best Syndication News) The commodity currencies are doing well early Monday while the Swiss franc and U.S. dollar decline (see forex tables below). The U.S. dollar has trended lower throughout the day. World Forex The dollar fell versus all other major currencies with the exception of the Swiss franc (see average chart below). The U.S. currency fell 1.30 percent vs the Australian dollar (AUD), 0.89 percent vs the euro (EUR), 0.77 percent vs the Japanese yen (JPY), 0.58 percent vs the British pound (GBP) and 0.84 percent vs the Canadian dollar (CAD). The greenback did gain 1.87 percent vs the Swiss franc (CHF). The EUR/USD and USD/JPY trend continued throughout the day (see intraday chart below). The dollar continued to decline against the euro and yen, but gained against the Aussie and pound sterling. The top-gaining currencies today were the Australian dollar and euro (see cross tables below). The Canadian dollar gained 2.674 percent vs the franc and the Japanese yen gained 1.266 percent vs the pound sterling. Economic News Most analysts didn’t expect any earth-shattering news last week from Federal Reserve Chairman Ben Bernanke. The Fed chair called the U.S. recovery “disappointing”, but focused very little on future monetary policy decisions at the meeting of central banks in Jackson Hole Wyoming. Meanwhile, U.S. government bond, note and bill yields declined (see bond yield chart below). The 30-year bond yield fell six basis points (bps) to 3.54 percent. The 10-year note fell four bps to 2.19 percent. The 30-year Japanese bond yield fell two points to 2.023 percent and the 10-year bond gained one point to 0.926 percent. New home sales in Australia suffered a “sharp decline” for the second consecutive month ending July 2011, according to the Australian building industry association (Housing Industry Association). New home sales fell 8 percent in July and 8.7 percent in June.

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