Tuesday, November 15, 2011

Currency forecast for the week: the dollar fell into dependence

Finansy18-05-2009 Trader forecast for the week: the dollar fell to depend on the currency market situation develops strange: the dollar continues to fall, despite the fact that the world economy does not show stability, sufficient to take care of this traditional reserve currency. Crisis processes are still far from complete. Therefore, in the coming days the situation on the foreign exchange market can change. Experts Bigness.ru await the weakening euro and ruble. "Investors are beginning to show more optimism about the fact that the crisis feels the bottom and is constantly increasing risk aversion, the demand for risky assets. And it puts pressure on the dollar, which is traditionally considered safe-haven currency. In my opinion, the market in its motion to run ahead. The economic situation is not so positive, that with such a big way to buy Euros and U.S. Dollars "- explains Bigness.ru analyst at financial services company UMIS Eduard Kovalenko. Last week, the main couple in the international currency market traded in a narrow corridor: $ 1,35-1,37 per euro. Currently, according to principal analyst FG "Kalita-Finans" Andrew Gangan, the foreign exchange market has no idea about the future of short-term movements, so the key quotes couples still dutifully repeat the dynamics of the main stock indexes.

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