Currency forecast: this week the dollar would be "weak link"

Foreign Exchange Market Finansy29-06-2009 Trader forecast: this week the dollar is "weak link" Demand for U.S. dollar falls - confidence in the speedy restoration of the American economy calms investors around the world. They are more easily buy stocks and commodities, leaving the U.S. currency, which is a traditional refuge from economic storms. The main event last week was the meeting of Federal Open Market Committee Federal Reserve System (FRS) the USA. At these meetings is determined by the entire policy of the monetary system of the world's largest economy. Account the interest rate was left at the same level (0.25%). And, judging by the comments of representatives of the Fed rate will not rise for a long time, said in an interview Bigness.ru analyst with the Financial Brizhd Dmitry Alexandrov. This decision was shattered and the dollar, analysts say, will long serve as a debilitating factor for the greenback - up to $ 1.48 per euro. A day later, Fed Chairman Ben Bernanke announced the reduction of certain loan programs of the U.S. economy running out of fears the worst scenario: it was announced minimized and does not work support programs for investors in the money market, reduced the amount of credit bonds (TSLF), and the amount of short-term refinancing Banks (TAF).