The situation on the foreign exchange market is fragile and nebulous

Banks Finansy14-12-2008 situation in the forex market is fragile and nebulous past week has seriously undermined the tendency of the dollar to rise. According to analysts, although in this situation and make predictions difficult, but said a further reduction of U.S. currency. Even more rapidly falling dollar Russian ruble. Day by day, rising in price euro prompted the Bank of Russia once again expand the boundaries of the currency basket. Despite strong resistance exerted against its competitors, the U.S. dollar weakened significantly against the euro during the auctions last week. According to the chief dealer GK "Forex Club" Alexey Trifonov, the main asset of the European currency began to rise in global stock indices, which had the most pressure on the dollar. Note that the U.S. currency still remains the principal reserve instrument to which recourse in the period of instability. Meanwhile, the primary cause is strong enough to reduce the dollar was unveiled on Monday a new plan for Barack Obama, according to which the U.S. will be conducted the most extensive with the 50-ies of investing in infrastructure. This has helped the European currency on the first day rise against the dollar to a monthly maximum of $ 1.29 per euro.