The U.S. dollar threatens Russian inflation

Foreign Exchange Market Finansy08-09-2008 U.S. dollar threatens Russian inflation first week of September was marked by uncompromising strengthening of the dollar. U.S. currency is not simply roll back to their previous levels. Her sharp rise threatens higher inflation, including in Russia. The biggest success for the U.S. economy last week was that the powerful hurricane "Gustav" lost its overwhelming natural force over western Cuba. Up to U.S. East Coast hurricane reached a "truncated" version, without causing significant harm to the economy. At the same time the rest of the world has suffered from other "storm." Leader incidence among world currencies last week was the Japanese yen. Over the course of Thursday and Friday the Japanese currency reached a low in August 2007, the peak of the liquidity crisis. A new wave of concerns over the global economy has weakened the euro to 1.4209, eleven-month low against the dollar. For Thursday the European currency has lost more than two percent after the speech the head of the European Central Bank Jean-Claude Trichet, approved the weak forecasts for the third quarter. Finished off the Euro Finance Minister of Luxembourg JK Juncker, that the single currency "overvalued", said in an interview Bigness.ru Alexei Trifonov, chief dealer GK "Forex Club".