The dollar has become hostage to the Fed's actions

Banks Finansy21-12-2008 U.S. has become hostage to the Fed's actions in the foreign exchange market volatility continues, but the main contenders swapped places. As a result, Fed rate cut U.S. dollar fell sharply downward. Our experts will lead several scenarios of further developments. However, in all cases from the ruble are just waiting for the fall. In recent months, due to the uncertain global economic outlook, reduced liquidity and reduce the volume of world trade, market participants refrain from risky trades. During this period, the European currency has lost substantially in value against the U.S. dollar, which investors use as a currency of refuge. "But now, as we see the market situation changed. Seasonal flows of capital and the renewed weakness of the greenback against the backdrop of the dire prospects for the U.S. economy had a good enough support for the euro ", - said Bigness.ru chief dealer GK" Forex Club "Alexey Trifonov. According to the analyst Otkritie Danila Levchenko, particularly hard to reduce the U.S. dollar has affected the decision of the Federal Reserve System (FRS) the USA to lower rates.