Currency forecast: the ruble in the hands of speculators

Foreign Exchange Market Finansy15-08-2009 Trader forecast: the ruble in the hands of speculators, investors who believed in the revival of the American economy, actively bought dollars after the Fed meeting. However, at the hand of the euro has played a positive statistics for the euro area. Therefore, in the near future "American" will continue to fluctuate in the range of $ 1,404-1,446 per euro. As for the Russian currency, its exchange rate continue to affect the speculators. This week the Central Bank even had to "save" the ruble. As usual, Bigness.ru summarizes This week in the currency market, as well as trying to predict how currencies will behave next. Traditionally, the exchange rates most strongly affected by the situation in the major economies of the world - the United States. The key event of the entire trading week was the publication of the results of the meeting of the Federal Reserve System (FRS). The market was waiting for comments regarding the future prospects of the regulator of the U.S. economy. "That's the emotional color prediction depended on the Federal Reserve further dynamics in the financial markets." - Said in an interview Bigness.ru principal analyst at FG, "Kalita-Finans" Andrew Gangan. Many players (especially holders of long positions on the dollar) feared that the American Central Bank, by analogy with the Bank of England may announce an increase in government securities repurchase program.