March will bring in the foreign exchange market disturbances

Finansy02-03-2009 March will bring excitement to the currency market in February can definitely be called a quiet month in the currency market. Major world currency, the euro / dollar to meet the spring at almost the same level at which it was in late January. The same applies to hack: the last trading day of winter, was marked by its strengthening against the currency basket. However, according to experts, the lull in March, could lead to this devastating storm. Ruble last week has shown himself the best possible way and on the last trading day of winter has appreciated against the currency basket to 40.03 rubles., Surely increasing his lead over the upper limit established by the Central Bank of dual currency corridor to 41 rubles. "In February, in addition to the demand for U.S. Dollars for the payment of taxes, was another important factor: the price of oil after the consolidation of near $ 40 a barrel this week rose to $ 46.5 after the reported increase in demand for petrol", - explains FxPro financial analyst Alexander Kuptsikevich. The international currency market this week, the dollar strengthened again against the background of declining interest to riskier high-yield assets. According to the analyst "Kalita-Finans" Andrew Gangan, investors were concerned about the possible nationalization of the largest U.S. financial institutions and the general uncertainty in global stock markets.