Foreign Exchange Market Finansy29-09-2008 Experts promise to strengthen the dollar so far is still not fully resolved the issue for the adoption of a package of measures to support the U.S. economy, which strongly affects the instability of the dollar and falling global stock markets. Analysts believe that as soon as the situation stabilizes, as have all the preconditions that the U.S. Congress will still have to agree. Earlier this week, the major currency pair opened with virtually no breaks, but during the trading day the situation changed. Euro could rise slightly, but the dollar showed no better results - U.S. dollar exchange rate against the euro sank to $ 1.4513 from $ 1.4466 at the market close in New York on Friday. "The reason for the public to get rid of U.S. currency was uncertainty of market participants that the U.S. government will be able to cope with the difficulties he faces face in dealing with the credit crisis", - said the chief dealer Bigness.ru GC "Forex Club" Alexey Trifonov. Not the best way for the United States is the situation in other markets. Quotations U.S. stock indexes showed a fall, a news background was extremely poor.
Thursday, October 27, 2011
Bust of state support: wait for the inevitable collapse of the U.S. currency
Finansy23-09-2008 Bust to the state support: wait for the inevitable collapse of the U.S. currency to withdraw their money from the U.S. currency. The dollar will soon collapse. Statements such a plan can be traced in the foreign press. The U.S. government is overzealous with the support of the domestic currency, according to Russian experts. Dollar rally was shortlived. Support to investment banks for favorable stock markets, but would entail the collapse of U.S. currency. Even the most pragmatic experts agree that the USD will not stand. FxTeam Kuptsikevich analyst Alexander believes that "the dollar's decline was inversely related to the increase in oil prices. Investors out of dollar assets, and hedge their risks through investment in the euro and commodity markets. This is due to the fact that in the United States published a program of assistance to the financial sector. On it will be allocated about one trillion dollars. Accordingly, the market reacted to it so that it will be filled with dollars, the U.S. budget deficit will increase even more, it will dramatically huge. In this regard, it will lead to dollar weakness. Therefore, there is now such a reaction, "- says an expert with the readers of our business portal.
U.S. economy refused help
The global economy rules igry30-09-2008 the U.S. economy refused help Contrary to general expectations, the U.S. Congress rejected the proposed government plan to rescue the financial system, which immediately affected the global stock markets. Experts believe that a prerequisite for this was political games the U.S. government. U.S. House of Representatives after four hours of emotional debate at 228 "no" votes and 205 "for" rejected a bill to stabilize financial markets in the amount of $ 700 billion, analyst at investment firm ATON Inga Focsa believes that such an outcome logical. "Now in the states attending the race. I think the plan was not adopted due to the fact that the Republicans have decided to use the situation to advance to demonstrate to their constituents care about their taxes. This may be the dominant factor in the coming weeks before the election, "- she said in an interview Bigness.ru. Recall that the bill is called "Act of 2008 on the Emergency Economic Stabilization» (Emergency Economic Stabilization Act of 2008). According to a document from the $ 700 billion to stabilize the markets, which were to be allocated in stages, the U.S. Treasury from the federal budget should be immediately provided $ 250 billion