Friday, May 22, 2009

Hopes for a revival of the economy pushed the dollar down

Course dollar fell to its lowest level since the beginning of the year. Experts explain this phenomenon-optimistic expectations of traders, who began to throw off dollars and buy more risky assets. This writes "The Financial Times". "Give rise to such expectations, as the minutes of the April meeting of the members of the U.S. Federal Reserve, which refers to a certain stabilization of the economy. His contribution to the change in sentiment on the stock exchange and has made the U.S. Team Geytner, pointing to signs of "recovery" the U.S. financial system ", - quotes the edition of" Inopressa ". He also expressed concern that many U.S. financial institutions to refuse to state aid because of the restrictions that it is punishable. As the "The Financial Times", some economists suggest that, at this stage of the crisis - when the panic recedes, but economy is still very weak - the U.S. will have to fight for foreign capital: at the height of the crisis, many investors have bought the American currency as a protective financial instrument, and now this "automatic demand at the dollar falls. Simultaneously with the falling dollar saw the rising cost of oil - bidding closed at more than 62 dollars per barrel (the largest figure since November last year) - and gold.

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