Money Storm: exchange rates in September

Foreign Exchange Market Finansy01-09-2008 Cash storms: exchange rates in September, Hurricanes - natural and political - will change in the currency market in the next month. Hurricane Gustav, which threatens the south-western coast of the U.S. (as well as U.S. currency) has been paralyzed for 75% of the wells in the Gulf of Mexico. On the other side of the planet, the Russian-Georgian conflict grew to the world diplomatic war, which is considerably weakened ruble. However, and without any shocks currencies moved against each other in recent times very lively. "Few predicted such a sudden movement of currencies this month. Trade-weighted dollar index has appreciated by more than 7% from its local minimum in the second half of July, it became the most significant increase in the index over the whole history of free floating exchange rates - said Bigness.ru FxPro financial analyst Alexander Kuptsikevich. - Euro / dollar fell to 1.5570 earlier this month to a minimum 1.4570, and slightly adjusted to 1.4750 marks at the end of the month. Thus, a few weeks a powerful movement of U.S. currency was able to return to the levels of the beginning of the year. " Late summer and early autumn will crossroads for the currency market. Last week was eventful, but for every positive development was a "fly in the ointment."