USA can lead currency intervention
Falling of dollar has begun still in 2001, but only for the expired period 2007, the American currency has lost about 6,3 %. Nevertheless authorities are not going to interfere into the currency market.
However, experts mark, that if verbal intervention will appear inefficient and the dollar will continue to decrease, the governments of the largest states all the same should interfere (for the first time since 2000), that breaking the principles of the free market.
Last week Minister of Finance of the USA has declared that the country still adheres to policy of strong dollar and the rate of the American currency will reflect finally good macroeconomic parameters of the USA. It has been also added that USA is very much addicted to the politician of strong dollar, and it corresponds to their national interests and their economy, as well as at economy of other countries, has rises and falling, and its long-term force will be reflected in the currency markets.
this comment has completely coincided with statements of the Europe, Canada and Japan concerning unexpected jumps in the currency market and, in opinion of analysts, can mean the official consent to use of verbal intervention with the purpose of prevention of the further falling the American currency.
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