Euro remains under pressure from the Greek issues

Foreign Exchange Market Finansy20-03-2010 Euro remains under pressure from the Greek concerns on the international currency market this week, the dollar continued its rise against the euro. By the end of Friday's quotes of the main pair of the Forex market is again below the turn of $ 1.36. Negativity is still due to the "Greek factor". According to analysts, over the next five trading days of the single European currency can zero in on line $ 1.32. In the domestic foreign exchange market, we continue to see strengthening of the ruble against the dollar and the currency basket, which quotes on Friday struck a mark 34.00 rbl. According to analysts, "Kalita-Finans", the central bank continues to buy the currency to mitigate the current trend, but so far interest in ruble-denominated assets remains very substantial. As explained by portfolio manager UFS Investment Company Alexey Kozlov, the ruble have high oil prices. Oil exporters are selling of foreign exchange earnings, thereby helping the local currency. However, the expert notes that many foreign analysts say the Russian currency among the most undervalued currencies of BRIC, so you can say, in the strengthening of the ruble and a speculative component.