In today’s trading exchange rate seems the European single currency, the euro, has increased against the U.S. dollar (28.05). The euro has increased for two consecutive days against the U.S. dollar amid speculation that investors will begin to re-buy these currencies while global stock markets began to rebound.

During the past six months the euro exchange rate against the U.S. dollar has decreased. This day appeared euro moved higher after the stock exchanges in Asia have increased.

Euro has increased and is now observed in the position of 1.2404 dollars. This European single currency touched the highest daily position at 1.2499 dollars, which would become the highest position in four days.

Euro exchange rate has decreased by 6.1% in the month of May. Euro leads to the biggest monthly decline since April last year 2000. Meanwhile, in the year 2010 exchange rate of euro against U.S. dollar has recorded a decline of 7.5%.

Movement of the euro in today’s trading will likely increase. Apparently the euro has the potential to test the resistance level of 1.2500 dollars as his.

In currency trading the Asian session today (27-05), the Yen looks slightly weaker against the U.S. Dollar. Pair USD/JPY is currently engaged in the range of 90.05.

This morning has just released the Japanese trade balance data for the period April 2010 which recorded a surplus of about 730 billion yen, higher than previous estimates of 690 billion yen.Japanese exports reportedly increased during five consecutive months.

Japan’s economic recovery continues to be encouraged by the growing exports improved. Noted Japanese exports in the month of April 2010 increased by 40.4% compared with same period last year and increased by approximately 2.3% compared with exports in the month of March 2010. Both technical USD / JPY is still finding strong support at around 89.00 to 88.00 today, although Japan still require a weak yen, debt crisis in Europe create a safe haven asset is difficult to weaken.

USD / JPY rose to the level of opportunity through resistance at 91.15 if the 90.60 level. Weakening U.S. Dollar against Yen can occur if the past level of support at the 89.00 level to 88.00.