Currency forecast: The euro is planning retreat

Foreign Exchange Market Finansy11-07-2009 Trader forecast: The euro is planning to retreat past week presented to the Russian market is more than just a correction. Desheveyuschaya oil changed view on the prospects for investments in the Russian economy, dropping the national currency to 32.03 rubles. per dollar. In light of what is happening, this week the ruble will hardly be able to regain lost ground, said in an interview Bigness.ru financial analyst Alexander Kuptsikevich. A few months ago, Finance Minister Alexei Kudrin said that the observed in March rise in oil prices by not more than the correction of a fall. The real demand for raw materials all the time cut. As a rule, the correction should fall further downward movement, and in this case maybe even update lows. According to financial analyst FxPro Kuptsikevich Alexander, the "golden rule" works now - for the week, the price of black gold has fallen by 18% from a peak of $ 73.30 this year, coming close to the mark at $ 60. Likely to drop its price will continue for several more months.