Dollar: light at the end of the tunnel

Finansy16-06-2008 U.S.: light at the end of the tunnel is rapidly growing in the last week the dollar has received new support in the face of the representatives of the Group of Eight. The finance ministers have expressed their interest in the dollar's strength, and in addition, the U.S. government seems obsessed with the strengthening of its currency. Is the era of the dollar's decline is over? The dollar has proved that he still has the powder in the flasks and started the last week of aggressive growth. The main causes raising of the American currency began to rise and stock market decline in oil prices to 135 dollars per barrel. In addition, support for U.S. Steel comments Representative Timothy Geithner Federal Reserve and U.S. Treasury Secretary Henry Paulson. So, Paulson said that the theme of intervention in support of the weak dollar "is not removed from the discussion." Speeches Fed chairman Ben Bernanke and U.S. President George W. Bush also served as a stimulus for growth in the dollar. George W. Bush in an interview with The Times, said of the desire to strengthen the dollar, Bernanke, in turn, speaking at a conference in Boston, shared his concerns about the increasing risk of inflation. This gave new impetus to talk about the likely increase in interest rate the U.S. Fed, which boosted the growth of quotations of the dollar.