January 7^th, 2005 – Between the 3^rd and the 7^th of January 2005, the United States Dollar has gained more than the 4 per cent in regards to the Euro and the Yen. The revaluation wasn’t caused by an improvement of the United States economy neither by a greater interest of the world’s finance towards the Dollar, but only to a substantial offer of other currencies in exchange of Dollars by part of the world’s 4 major banks working in the derivate products (ex. OTC) sector, which, in a few days, have purchased currencies (Euro and Yen) in exchange of bonds denominated in the same currencies that they then offered against Dollars. They accepted to loose for a few days in order to support the value of the Dollar the bonds they previously issued are denominated in, so that they wouldn’t have to declare losses on their credits denominated in Dollars. Practically, the normal market rule has been used making a goods’ price rise by increasing its demand.

FEDERAL RESERVE DATA - DECEMBER 2004
DAY	CURRENCY			M1			M2			M3
	BILLIONS DOLLARS	WEEKLY VAR %	TOTAL VAR %	BILLIONS DOLLARS	WEEKLY VAR %	TOTAL VAR %	BILLIONS DOLLARS	WEEKLY VAR %	TOTAL VAR %	BILLIONS DOLLARS	WEEKLY VAR %	TOTAL VAR %
6	700.30	-	-	1,341.90	-	-	6,378.20	-	-	9,383.30	-	-
13	699.30	- 0.14	- 0.14	1,336.20	- 0.42	- 0.42	6,380.10	0.03	0.03	9,379.30	- 0.04	- 0.04
20	698.80	- 0.07	- 0.21	1,361.30	1.88	1.45	6,402.70	0.35	0.38	9,393.50	0.15	0.11
27	698.00	- 0.11	- 0.33	1,386.50	1.85	3.32	6,413.90	0.17	0.56	9,450.10	0.60	0.71