Singapore dollar declined for the sixth day against they U.S. dollar today as the country’s monetary authorities will probably use the weak national currency as a stimulus for the export-producing economy.

The Japanese yen declined against the other currencies today after opening with a positive weekly gap as the world’s third largest economy contracted for the two consecutive quarters according to the Japan’s government.

The Japanese yen rose against the U.S. dollar, the euro and the pound today after posting a huge loss yesterday and the traders reviewed their outlook of the global recession process.

The Great Britain pound continued to trade below the psychologically and technically important level of $1.5 per pound for the second day today as the recession continued to show up at its worst in Europe and the U.S. rescue plans changed.

The Japanese yen fell against the U.S. dollar and the other major currencies today after the money-market lending conditions eased and the traders expect a positive opening from the U.S. stock market judging from the current futures trading.

The Great Britain pound continued to fall today against the other major currencies after reaching the all-time low against the euro as the home sales report showed the lowest level in the last 30 years.

The Australian and New Zealand dollars rose against the U.S. dollar and the Japanese Yen compared to the last Friday’s close levels as the China said that the government will provide $586 billion of liquidity help to the national economy.

The U.S. dollar declined against the euro and the British pound as the traders expect that the release of the important employment data from U.S. will show the worst contraction since 2003 today.

The Europe’s currencies posted a daily drop against the U.S. dollar after showing a moderate volatility during the early trading session after the regional central banks cut the interest rates at an unexpectedly large scale.

The U.S. dollar strengthened its position against the euro and the British pound as the investors believe that Barack Obama’s clear victory in the U.S. presidential elections will help him to take measures soon to revive the world’s biggest economy.