Foreign Exchange Market Finansy01-06-2009 Trader's prediction: interest of the dollar falls single European currency finished the week once again rise against the U.S. dollar. However, the rosy picture of its bright future could undermine the regular meeting of the European Central Bank. If the lights suddenly decide to reduce the current refinancing rate, "European" could be under serious pressure. The Russian ruble has demonstrated since early March impressive growth in both the dollar and against the currency basket. All this occurred against the backdrop of soaring oil prices on the world market. Ruble, despite the grumblings of analysts, once again showed direct binding of their behavior to the dynamics of prices for "black gold". "The sharp decline in rates on loans to major global Bank is doing its work: the oil price break through $ 65 on Thursday and is continuing to update semi-annual maximums. For ordinary consumers rise in oil prices in Russia means a new spiral of inflation, and the first time since August last year increased the cost of gasoline, "- says Bigness.ru FxPro financial analyst Alexander Kuptsikevich. The analyst believes that the markets will come soon and the extinction correction overly optimistic expectations. "However, rising prices could last longer than expectations," - he said.
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