The dollar coming down

Banks Finansy23-03-2009 dollar coming down last trading week began with a quiet movement of major currencies. However, statements about the impending purchase of the Federal Reserve's long-term government bonds amounting to U.S. $ 300 billion, sharply threw the dollar down against all currencies. This week, the dollar continues its downward trend until the level of $ 1.40 per euro. The past trading week will be remembered most by a plummeting dollar against the euro in the history of trading those currencies. Actually, the week began with a quiet movement of major currencies in a clearly-defined channels with tangible antidollarovymi sentiments. Moreover, investor confidence was bolstered on Monday the results of the meeting of finance ministers G20, held on March 14. From the results of this meeting it became clear that governments and central banks of major countries will continue to play a crucial role in carrying out measures to restore the global economic situation. And hope for the best, as practice shows, play against the dollar. Posted on Tuesday, the institute ZEW index of sentiment in the economic sphere was higher than expected by analysts, it pushed up quotations of the euro against other currencies, with the growth of the euro is also reflected in the statement of the Bank of Switzerland on the possibility of re-intervention in the case of strengthening of the franc.