The Australian dollar rose against the US dollar to reach its highest level in two months, comes under the Australian Trade Balance data improved during the month of January, which has increased the demand for the Australian currency.

Australian dollar versus the US dollar is currently trading at 0.7307, its highest level in two months after it opened today's session at the level of 0.7282, the high today is the fourth consecutive rise.

Released today by the Australian economy data on the trade balance during the month of January to show the actual reading with a deficit worth 2.94 billion Australian dollars after it was forecast to a deficit of 3.22 billion Australian dollars, and the previous reading showed a deficit of 3.52 billion Australian dollars after it has been modified from a deficit of 3.54 billion Australian dollars.

Significant improvement in the trade deficit data reflects the improvement in exports and decline in imports in Australia at the beginning of this year, which helped the rise of the Australian dollar levels, especially after the Reserve Bank of Australia pointed to keep interest rates at their lowest levels which helped to add more support for the Australian currency.

As for the US dollar it helped the Australian dollar to rise today, after the US currency fell yesterday against major currencies at the close of yesterday's trading although it kept trading at its highest level throughout yesterday's session.

The dollar index, which tracks the dollar's performance against a basket of major currencies, rose lightly during the Asian session on Thursday, its highest level at 98.22 and its lowest level at 98.15, while rose yesterday to its highest level in a month at 98.54, before closing on the low value of 98.17.

Gold prices fell slightly during Thursday's trading, after it managed to rise yesterday as the oscillation controls the gold trading, in the absence of a clear direction for trading.

Silver prices are currently trading at $ 1241.0 per ounce, after the lowest recorded at $ 1237.30 an ounce, while today opened at $ 1241.0 per ounce, and had rallied yesterday to its highest level at $ 1244.0 per ounce.

Current decline in gold levels comes as a result of the pressure on price levels as a result of moves in a narrow trading range since the beginning of the week, and in light of gold influenced by a number of factors that will push the precious metal to oscillate with the lack of clarity in the direction of trading.

The US dollar closed yesterday's trading lower against major currencies, after that throughout yesterday's session continued to rise against the currencies, and recorded the highest level in four weeks, after the significant improvement in the jobs data in the private sector in the United States in preparation for the US jobs report most important issued last Friday.

The dollar index, which tracks the dollar's performance against a basket of major currencies witnessed a weak rise during the Asian session on Thursday, its highest level at 98.22 and its lowest level at 98.15, while rose yesterday to its highest level in a month at 98.54, before closing on the low value of 98.17.

Crude oil prices rose during Thursday's trading to remain trading near the highest level was recorded yesterday, since month ago, it comes in spite of the surge in US inventories of crude oil, which markets decided to ignore its negative impact and continue to support price levels.

Futures US crude oil price is currently trading at $ 34.77 a barrel after recorded the highest level during the Asian session today at $ 34.85 a barrel this comes after trades opened today at $ 34.63 a barrel, the Crude Oil prices rose yesterday to its highest level in month at $ 35.14 a barrel.

The US economy seen the release of the EIA report during the week ending February 26 to come to the actual reading and witnessing a rise in stocks valued at 10.4 million barrels compared with the previous reading, which was experiencing high value of 3.5 million barrels while it was forecast to rise 2.5 million barrels.

The surge in US inventories of crude oil suppose  to push the price to decline, but the market continued to support crude oil to higher levels even as the US dollar traded most of yesterday's session at its highest level in four weeks against major currencies.

The current recovery in crude oil prices found support from optimism in the markets about the possibility of OPEC reaching an  agreement with Russia to put an end to the collapse in prices through production cuts rates after that first meeting failed to reach such an agreement, hoping that its second meeting this month may reach the expected result in the markets.

Silver prices rallied during the European market on Thursday to continue to rise for the second consecutive day, and limiting the gains the rise of the US dollar near its highest level in four weeks, as investors awaited important data from the United States about the sectors of the services and industry and the labor market.

Silver traded by 11:35 GMT around $ 14.97 per ounce after the opening of trading today at $ 14.93, and recorded the highest level of $ 14.98, the lowest level of $ 14.83.

Silver prices yesterday posted an increase of 0.8 percent, in the second one-day gain in the last three days, based on the US currency dollar's decline.

Silver prices found support during the trading day from the renewed concerns in the markets, with the decline in world oil prices from the highest level in two months, due to higher US inventories of new high record.

The dollar index, which tracks the US currency's performance against a basket of currencies, rose more than 0.1 percent, near its highest level in four weeks 98.58 recorded yesterday point, the rise of the US currency affect negatively on silver prices being quoted in dollars and rising value for holders of other currencies.

And the US economy are expected later in the day many of the important work and the services sector and industry market data, which is expected to provide new evidence on the largest economy in the world the growth path, and the growing expectations of the implementation of the rising of US interest rate cycle in the current year.