Monetary stability

Foreign Exchange Market Finansy22-09-2008 monetary stability Last week undermined the U.S. dollar, rocked the ground and the Russian ruble. The main motive was the crisis in global stock markets. According to analysts, as soon as the situation stabilizes. Recall, analysts predicted that the past week had strengthened the U.S. currency. But the collapse of one of the world's largest banks Lehman Brothers, and the problems of the third-largest investment bank Merrill Lynch (which ended its absorption monster Bank of America) have weakened the confidence of market players in the stabilization of the banking sector. For those doubts paid U.S. currency. However, the measures taken to inject liquidity number of central banks, whose number included the Federal Reserve, Bank of England and European Central Bank, contributed to the correction of the U.S. dollar, "said Alexei Trifonov Bigness.ru, chief dealer GK" Forex Club ". Additional support for the dollar received from the continuing fall in oil prices, which in the course of trading on Monday fell to $ 92 per barrel. Help the U.S. currency has had a decision to the U.S. Federal Reserve did not change its interest rate. The Federal Reserve left a key interest rate unchanged at 2%, although many analysts did not rule out reducing rates. But, nevertheless, the main direction of currency pairs were constructed based on the situation in the stock market. And in this regard support the dollar was getting nowhere.