Currency Forecast: which came a week could be "unpleasant»

Foreign Exchange Market Finansy26-02-2008 Trader's prediction: which came a week could be "unpleasant" The coming week could bring a variety and unexpected turns in the currency market. Yesterday's growth index of the Tokyo Stock Exchange Nikkei along with other upbeat news sounds discordant with pessimistic expectations for the week. Last week, the world's major currencies as though trying to remain in the invisible corridors. "Fluctuations in currency pairs are generally not exceed 150 points, and only the British currency was under pressure from the very beginning of the week fell," - said Bigness. ru in FC Forex Club. Fears of recession in the U.S. economy were reinforced by rumors of another wave of credit crisis: it can spread to the area of ??corporate lending. This month, at least three major banks, to actively finance the "sharks Business» UBS, Credit Suisse and Deutsche Bank have already announced the cancellation of the value of these loans totaling about $ 1.5 billion in total losses of the banking sector in this segment could reach $ 15 billion .