08 Jun 2005 @ 10:04 AM 
 

The American currency is close to its lowest point

 

Established in Central Russia on November 29, 2006 the official rate of $ 26,3503 dollar ruble to the dollar, reported in the Department of External and Public Relations CBR. Compared with the previous measure, he dropped to 1,63 dime.

reminder, on the basis of weeks of the fall of the dollar against the euro amounted to 1%. The course is closer to the minimum 18 months point to 1,2979 dollar for the euro. Such rapid fall of the American currency is not mentioned in June.

Dollar has long been not pleased domestic holders of “green” assets. They recall with nostalgia the beginning of 2003: January 9 official ruble rate was 31,88 to the dollar. It was the maximum rate for the largest currency in the history of the United States Russia. However, the day began its almost continuous fall. As a result, as of today, that is less than four years, “dollar” usoh ruble at 5,53, or 21%. It is only since the beginning of this year, it weakened to 2,44 ruble, or more than 9%.

According to the analyst BrokerKreditServis “IC” Denis Mukhina, the recent fall in the dollar due to a much more severe reaction of the international exchange the market’s negative news from the United States. “In particular, the forecast was lowered White House on the increase in the American economy. In addition, there are not too encouraging news about consumer confidence index decline, “he told the New Izvestiyam.” According to the officer, at the same time, Europe has achieved good results, which provoked a rise euros. Finally, a big psychological impact and penetration of 1,3 dollar mark for the European currency unit. Financial analyst Olga Belenkaya notes that the additional factor weakening the dollar was the publication of articles vice president of People’s Bank of China U Syaolina that tsentrobankam Southeast Asian countries should reduce their dependence on dollar assets because of the risk of further weakening of the American currency.


Tags Categories: Banker news Posted By: admin
Last Edit: 08 Jun 2005 @ 10 04 AM

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