"... And suddenly soar Dollar: Currency forecast for the week

Foreign Exchange Market Finansy14-01-2008 "... And suddenly soar Dollar: Currency forecast for the week U.S. dollar no longer gale. His New Year off with respect to both the euro and the ruble immediately after the holidays was replaced by a deafening fall - 200 percentage points to the European currency, about 40 cents - against the Russian. Why? A separate "thank you" can say to those "prophets" who speak of the inevitability of a recession in the U.S. economy. Economists of the world's leading investment banks - Goldman Sachs, Morgan Stanley and Merrill Lynch - said last week that "recession is already not a prediction but a reality." Yes, and the Federal Reserve chairman Ben Bernanke says plainly that the situation in the U.S. economy requires a further reduction in interest rates. As shown now, futures bets after this speech is considered the most likely rate cuts in January by 50 basis points - 69%. The probability that the rate will be lowered by 25 points is only 21.5%. As many as 9.5% account for such a seemingly fantastic outcome, as lower rates by 75 points, analysts said "VTB 24". In their view, the probability nesnizheniya market rates have not even considered.