Experts: strengthening of the dollar will not be long term

Foreign Exchange Market Finansy06-10-2008 Experts: The strengthening dollar will not be long-term past week very grim impact on the global economy - low liquidity, disappointing economic data around the world, the overall uncertainty and risk aversion. All this has led to feverish movements in the global currency market. But analysts argue that today the situation should change. U.S. dollar, which opened after the weekend with a break against the euro on speculation the plan Bernanke and Paulson on the economy out of crisis, could seriously enforced against them throughout the week, as the banking crisis, the U.S., raised and Europe. "European Bank for en masse, or under the control of the state (British Bradford & Bingley, Fortis), or received support from the governments (Glintnir, Hypo Real Estate, guarantees the Irish Government's conservation contributions. The situation on the international money market is that interbank lending is actually frozen, and negotiations are under way for a loan on any terms, "- said in an interview Bigness.ru FxPro financial analyst Alexander Kuptsikevich. In the euro area all the louder the talk of the need for coordinated action, as was done in the U.S., he said.