dollar after injections into the U.S. economy in the financial recovery program will decline to most other world currencies and gold, says Andrew Voitenko, Director of Operations in the financial markets, Bank Finance and Credit .
According to the expert, the fall of the dollar against the euro is the economic fundamentals and the purely technical speculative reasons. The growth of Eurocurrency from lows of autumn 2008, with the level of $ 1,236 /EUR to the current value of about $ 1,48 /euro eloquently indicates the end of the speculative trend of the dollar, when in a crisis a general flight from risk assets in the possession of the cash liquidity to realize the Bax main its advantage - the main function of the world's reserve currency , - quotes Voitenko Maanimo.com
specialist indicates that there is no sense to guess the timing and the new maximum value of the euro against the dollar. You have to understand that the U.S. currency after a trillion emission injections into the economy in many programs of financial recovery is on the way to reduce most other world currencies: the euro but, more to the British pound sterling, the Japanese yen, Swiss franc and the so-called to commodity currencies (Canada, Australia, New Zealand and others) and to gold, - said the banker.
Andrei Voitenko believes that the achievement levels in 1,5-1,55 $ /euro and even higher - upgrade historic highs of the euro at $ 1,60 /euro perspective next 9-12 months, when the painful question of finding alternatives to the dollar and fix trade imbalances will find its solution in accelerating its fall.
expert stressed that after reaching new highs, but still in an uncertain world economic prospects, the direction of the stock and commodity markets expect a sharp correction in exchange rates. But the general direction, again, is the gradual weakening of the dollar across currencies and commodity prices, - said Voitenko.
banker believes that no financial asset, including gold, does not have sufficient liquidity and reliability compared to the euro. Therefore, investment in the euro are quite attractive in the near future, and even more so after the elections, said Andrew Voitenko.
expert said that in the future is the inevitable process of return and strengthen the hryvnia to the dollar and the euro after a hundred percent impairment. I can confirm its forecast for the hryvnia: spring-summer 2010 - is 7,20-7,40 hryvnia to the dollar, longer-term horizon in the next 12-18 months - 6.8 hryvnia to the dollar - said Voitenko.
Bank of Russia revoked license and appointed a temporary administration in commercial banks PervomayskiyMost stock markets of the Asia-Pacific region today, showing a decrease inLatin America: prospects and reality are not encouraging investorsUnited States: the Fed's decision made, the rally stoppedThe Bank does not believe in ending the crisisCabinet postponed the VAT on paperThe Fed kept the target range rate 0-0,25%, prolongs the duration of the program repurchase securitiesLarge redistribution
Property Dusi was the occasion for another election showdown power …
Quotes Eurobonds are growing in Russia on Wednesday after the world stock exchanges
Expert: The dollar will weaken to all currencies and gold
dollar after injections into the U.S. economy in the financial recovery program will decline to most other world currencies and gold, says Andrew Voitenko, Director of Operations in the financial markets, Bank Finance and Credit .
According to the expert, the fall of the dollar against the euro is the economic fundamentals and the purely technical speculative reasons. The growth of Eurocurrency from lows of autumn 2008, with the level of $ 1,236 /EUR to the current value of about $ 1,48 /euro eloquently indicates the end of the speculative trend of the dollar, when in a crisis a general flight from risk assets in the possession of the cash liquidity to realize the Bax main its advantage - the main function of the world's reserve currency , - quotes Voitenko Maanimo.com
specialist indicates that there is no sense to guess the timing and the new maximum value of the euro against the dollar. You have to understand that the U.S. currency after a trillion emission injections into the economy in many programs of financial recovery is on the way to reduce most other world currencies: the euro but, more to the British pound sterling, the Japanese yen, Swiss franc and the so-called to commodity currencies (Canada, Australia, New Zealand and others) and to gold, - said the banker.
Andrei Voitenko believes that the achievement levels in 1,5-1,55 $ /euro and even higher - upgrade historic highs of the euro at $ 1,60 /euro perspective next 9-12 months, when the painful question of finding alternatives to the dollar and fix trade imbalances will find its solution in accelerating its fall.
expert stressed that after reaching new highs, but still in an uncertain world economic prospects, the direction of the stock and commodity markets expect a sharp correction in exchange rates. But the general direction, again, is the gradual weakening of the dollar across currencies and commodity prices, - said Voitenko.
banker believes that no financial asset, including gold, does not have sufficient liquidity and reliability compared to the euro. Therefore, investment in the euro are quite attractive in the near future, and even more so after the elections, said Andrew Voitenko.
expert said that in the future is the inevitable process of return and strengthen the hryvnia to the dollar and the euro after a hundred percent impairment. I can confirm its forecast for the hryvnia: spring-summer 2010 - is 7,20-7,40 hryvnia to the dollar, longer-term horizon in the next 12-18 months - 6.8 hryvnia to the dollar - said Voitenko.
Bank of Russia revoked license and appointed a temporary administration in commercial banks Pervomayskiy
Most stock markets of the Asia-Pacific region today, showing a decrease in
Latin America: prospects and reality are not encouraging investors
United States: the Fed's decision made, the rally stopped
The Bank does not believe in ending the crisis
Cabinet postponed the VAT on paper
The Fed kept the target range rate 0-0,25%, prolongs the duration of the program repurchase securities
Large redistribution
Property Dusi was the occasion for another election showdown power …
Quotes Eurobonds are growing in Russia on Wednesday after the world stock exchanges