"The ruble is still overvalued»

Banks Finansy19-01-2009 "The ruble is still overvalued," the Russian currency continued to set records AET fall. For the last week the ruble again underwent four attenuation. The next week, according to forecasts, this trend will continue. The main event last week was the decline of the European Central Bank key interest rate by 0.5 percentage points - up 2.0% to 2.50%, significantly played into the fall of the euro against the U.S. currency. The beginning of the trading week was poor on the yield of important economic statistics and activity on the global currency market was relatively low, said in an interview with B igness.ru chief dealer GK "Forex Club" Alexey Trifonov. "Nevertheless, by becoming ever more risk aversion, which came in response to publication of data on employment in the non-agricultural sector of the U.S. economy, the European currency fell to weeks of low against the U.S. dollar and Japanese yen. The negative sentiment also reflected in the decrease in quotations of stock indexes, "- the expert continues. Thus, the European currency, which at the opening of trading after the weekend was trading around $ 1.3450 per euro by the end of the week fell to $ 1.32.