The dollar felt the power of Russia's Central Bank

Finansy26-05-2008 U.S. felt the power of Russia's Central Bank last week at the global foreign exchange market was marked by new highs in prices for "black gold", as well as the next dollar's decline against the euro and the ruble. Analysts are waiting for cheaper oil and as a consequence , the strengthening of the "American" in world markets. However, in Russia, U.S. prepared for a scenario - the Russian Central Bank introduces uncertainty and makes the players nervous. Last Monday, the players have a hope that the falling dollar, renewed on May 16, paused. However, surprisingly, unreleased statistics on the economies of Europe and the U.S. is not supporting the dollar. Inflation in producer prices in Germany was above expectations. German ZEW economic expectations index for May has not justified forecasts of economists. However, the President's comments German Centre for European Economic Research, noting that the ECB could soon raise interest rates, helped the euro to exceed 1.56 mark, said the chief of analytical department of the Civil Code "Forex Club" Alexander Trifonov.