Currency forecast: next week will set the benchmark

Foreign Exchange Market Finansy22-08-2009 Trader's prediction: next week will set the benchmark Trading on the Forex market all week were sluggish, and turnover decreased substantially, which affects the dynamics of exchange rates. Thus, the euro began trading at $ 1.4180, then fell to $ 1.4050, after which compensated for the decline, rising to $ 1.4280 per euro. Analysts believe that this trend will end with the completion of the vacation period and the intensification of trade in market Forex. Current Week in the currency market was less than enthusiastic. Volatility was still high - investors are very responsive to the emerging data. While it notes the analyst of financial companies UMIS Eduard Kovalenko, the dollar is still largely been under pressure because of investors' faith in the speedy recovery of the world economy. But one bright moment in this week was still. On Thursday the price of black gold rose to a peak this year - $ 74 per barrel. According to financial analyst FxPro Alexander Kuptsikevich so high it was not worth since last October. However, the ruble against the currency basket was worth 25% lower than in the same month.