The dollar is not likely: all of its decline

Finansy14-08-2008 The dollar is not likely: all of its U.S. currency decline tired to rise. After a good shaking up the foreign exchange market starts to calm down. The central bank recalled his task of fighting inflation, so that the Russian ruble continued its consolidation. In addition, market players believe that the increase in the dollar has already exhausted itself. The official U.S. dollar, the Bank of Russia today, fell 22 cent - from 24.56 to 24.34 rubles. Euro also suffered losses, down 60 cents - from 36.78 to 36.18 rubles. Yesterday morning the foreign exchange markets the demand for foreign exchange among market participants continued to be higher than supply. Daily maximum value of the currency basket in the Russian market totaled 30.10. However, as the economist of the bank "TRUST" Yevgeny Nadorshin, Bank of Russia has not allowed the basket and threw it up for auction next portion of dollars. The cost of the principal benchmark for the Central Bank decreased gradually, and the closure of shopping cost even less than in the morning - 29.80. To this end, the central bank was forced to sell even the order of 1-2 billion dollars. It should be recalled that on Monday, the regulator has sold $ 5 billion. It seems that the foreign exchange market continues to cool after the shake-up late last week, resulting in currency basket continues to get cheaper. E. Nadorshin believes that, as participants will be complacent, the ruble will continue to go up.