Wednesday, June 10, 2009

Bank of Russia gave rise to sales of U.S.

Statements by representatives of the Bank of Russia that Russia can move some of their reserves out of U.S. government bonds in the bonds of the IMF was forced to bear on the U.S. currency strengthened, resulting in the euro / dollar tested the strength of Ofer $ 1.4140 and the pound / dollar feel warrant around $ 1.6470/75. However, to date, selling the dollar weakened, and he once again demonstrates the desire to recover the losses incurred earlier. Pound / dollar, in particular, are now trading around $ 1.6405 and below bidov breakthrough in the area of figures opens the way to $ 1.6380 and $ 1.6360/50. Dealers noted that the decrease in activity of dollar sellers are likely to have limited memories of that recently, Finance Minister Alexei Kudrin said that Russia intends to invest $ 10 billion in bonds IMF.

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