"American" continues winning streak

Foreign Exchange Market Finansy24-04-2010 "American" continues winning streak which ended five days trading was marked by the triumphant growth of the U.S. dollar against all currencies. Support for "green" rendered fears of investors about the deteriorating economic situation in the euro area due to the downgrade of Greece. Next week, experts predicted, the single currency continues to fall, rushing to $ 1.30. Strengthening of the dollar, which began last week, and continued on this one. On Thursday, the main news was the news that Greece in 2009 the deficit was not 12.7%, as described by the government, and 13,6% of GDP. It is not ruled out further revisions to 14%. Another disappointing news for Greece was the downgrade of Greece agency Moody's, and two weeks before it did Fitch. The cost of protection against default on Greek bonds soared, the euro sank on April 21 to a minimum against the dollar in almost a year. "If the European currency has not been merchantability even earlier, we would have witnessed the collapse of the powerful. Now the Euro is worth about $ 1.32, or 13% below the peak before the Greek crisis in December. Greek bonds are already cheaper than they were before the EU and the IMF have said they would provide up to 45 billion euros ", - told Bigness.ru FxPro financial analyst Alexander Kuptsikevich