Currency Forecast: U.S. dollar in the corridor of 32-33 rubles

Foreign Exchange Market Finansy18-07-2009 Trader's Forecast: U.S. dollar in the corridor of 32-33 rubles analysts predicting the fall of the euro by the end of this week, once again mistaken. In the "battle" with his American rival to the euro fluctuated, but still positive investor sentiment returned him to the heights of the last two months. Ruble, dramatically crashing on Monday, just could not find the strength and reduce the gap relative to competitors. Next week, by contrast, promises to be quiet. On Monday, the ruble was seriously scared the Russians, by updating the peaks 2.5 months - above 33 rubles. per dollar. Central Bank First Deputy Gennady Melikyanu even had to reassure the population, asking "not to react violently 'to sharp fluctuations in the ruble exchange rate, if they occur against the background of changes in export prices. According to him, nothing bad will that the rate of the ruble would not be 31-32, and 33-35 rubles. However, a sharp drop in the national currency is still forcing the Bank of Russia once again to donate gold and currency reserves to mitigate the rate of the ruble. In particular, the regulator for this purpose has spent about $ 2 billion Thus, for the two trading sessions (10 and 13 July), the Central Bank spent nearly $ 4 billion in reserves to stem the rapid onslaught of the ruble, and it's monetary authorities have succeeded - the new devaluation expectations on some time have been suppressed.