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The Dollar Jerks Up Following the World Markets
January 11, Fortnight growth of the dollar in relation to the euro was reflected on the Russian markets as soon as the New Year's vacation ended. On Tuesday, U.S. currency rose by 20,6 kopecks, making 27.95 rubles per dollar at the Moscow Interbank Stock Exchange (MICEX).
The euro faces still greater changes: it has lost more than 3 percent of its value, going 1.20 rubles down to the 36.75 rubles per euro mark.
Meanwhile, the dollar growth has slowed down Tuesday. According to Reuters, the rate of the U.S. currency fell on Tuesday to 1.3115 dollars per euro and 103.98 yens per dollar at the Asian markets.
Investors and traders are concerned by the U.S. trade deficit, the information on which will be published on Wednesday. Many analysts believe the dollar, in short-term perspective, will maintain its positions or even grow to 1.27 dollars per euro.
In particular, the intention to conduct a policy of the strong dollar was announced Friday by U.S. Treasury Secretary John Snow.
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