Write-offs of losses may support the dollar

Strategists of the BAS / Merrill advised to pay attention to the IMF report on global financial stability, which states that financial companies around the world, as well as other holders of shoddy aktiov awaiting write-off worth about 4.1 trillion. dollars for the period from 2007 to 2010. As long recognized the cancellation of the entire 1.5 trillion. "More write-off, obviously, will lead to purchases of 100 to 400 billion dollars that could have supported the American currency in the coming months." In addition, they said, American companies are far more recognized losses than their counterparts from Europe and Asia. Thus, according to the report, the U.S. company admitted 55% of the anticipated losses, while in Europe the figure is 29%, while in Asia and even less - 12%.