The dollar will not be back soon

Foreign Exchange Market Finansy19-09-2007 U.S. will not be back soon Something that no one expected - U.S. Federal Reserve has dramatically weakened the U.S. currency by lowering its discount rate by an unexpected 0.5%. A minute later the dollar fell on world markets. 12 hours later responded and the ruble strengthened against the dollar by almost 17 cents. What's next? Trader has the answer. We recall, late last night - at 23 pm Moscow time - it became known decision of the U.S. central bank to lower the discount rate from 5.25% to 4.75%. This is the first decline for many years. Thus, monetary authorities in the U.S. trying to deal with crises in world markets. True, the market was expecting something like this - the crisis in the mortgage market and real estate getting worse. For October will be the peak of defaults on mortgages caused by the bold experiment of American banks to create "special terms" lending.