Dollar rises to a crisis, the ruble falls on oil

Foreign Exchange Market Finansy13-10-2008 dollar rises on the crisis, the ruble falls to the signing of the oil plan "to rescue" the U.S. economy this past weekend gave, as predicted by experts, a sharp jerk of the dollar against the euro and the ruble. Analysts believe that the U.S. currency will retain an upward trend against the background of instability in the financial system and will not fall below 25 rubles to the dollar, at least until the end of this year. From the first day of last week, concerned investors, coming out of the carry trade transactions in anticipation of mass reduction rates central banks of leading countries, has led to instability of the euro. "In addition to this factor, on Monday reported that a meeting of European leaders, heads of state failed to agree on a coordinated plan to combat the credit crisis, expressing the view that each country must deal with the evolving financial crisis on an individual basis" - said in an interview Bigness.ru chief dealer GK "Forex Club" Alexey Trifonov. On Tuesday, U.S. Federal Reserve announced a program of redemption of commercial paper from issuers. These messages, as well as Ben Bernanke's speech in Washington, during which he hinted at a possible reduction in the basic interest rate the U.S. exerted pressure on the dollar. And the European currency has tried again to return the former value. Markets, according to financial analyst FxPro Alexander Kuptsikevich, continue to bear heavy losses.