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Europe has brought down dollar: the epoch of US currency has come to the end
7 March 2008The US dollar continues prompt falling in relation to other currencies. At world stock exchanges the parity of euro/dollar has reached a new maximum - 1:1,5380. American monetary unit did not fall so low yet. Similar situation is observed at the tenders in Russia, where the dollar has failed up to the level of 9-years prescription.
Prompt falling of US currency to Russian ruble proceeds the second day. Yesterday the dollar has fallen in price on 12 copecks, having fallen below psychological mark in 24 rubles. Today the situation was even more aggravated: it has lowered to the first half hour of the tenders for 20 copecks - up to a mark 23,7280 rubles/doll.
Experts explain such succession of events at Moscow Interbank Stock Exchange by behavior of the American currency at the international platforms. In total for a day the dollar has fallen in price to euro approximately on 0,4 %. Falling has provoked the yesterday’s decision of the European central bank, which has kept the key rate at the level of 4 % annual. As experts explain, European central bank’s actions has let know, that the further rise in price of the European currency disturbs them a little.
The majority of analysts expected, that monetary authorities of Euro zone will lower this time a discount rate or even will let know, that downturn is expected in the nearest future.
- USA can lead currency intervention
- Russia and ОPEC are introducing euro payments (Oil exporters reduce dollar accumulations)
- OPEC is not going to refuse dollar
- European companies demand to stop growth of euro
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