Ukrainian Globalist

Dollar may fall to a record low by the end of this year. This assumption is expressed most European economists. The exchange rate of the dollar, which is at a high level may fall a few days. The future of the dollar in the hands of China. Franklin Roosevelt made a mistake, but not stimulating the economy through public spending, and listening to the advice advocates reducing the deficit during his second campaign. As a result, the U.S. economy returned to a recession.

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The currency exchange rates today are very unstable. “You have to stay in short positions on the euro against the dollar, as there is no positive news from Europe” – this opinion was widely spread among traders at the time of completion of trading in New York on Monday. In finalizing the trading day European currency remained under pressure and tested against the U.S. dollar four-year lows at 1.1875/80 area. A slight recovery towards the end of the day allowed the euro to rise only slightly above the 1.1900 figure. Also during the day could be seen strong demand for gold and U.S. Treasury bonds.

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Weaker than euro may be only one currency – the Zimbabwean dollar. Such a view can come if you look closely at the factors that have so far kept drop a single European currency.

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Trichet has changed its approach to the exit strategy to stimulate the economy in connection with the most serious test of the European monetary system. Central banks in connection with the European crisis will have even longer to keep interest rates low.

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France’s lower house of parliament approved the country’s participation in the stabilization mechanism of the European Union and the International Monetary Fund, totaling 750 billion euro. “Contribution” of France in this mechanism to stabilize the single European currency, amounted to 111 billion euro.

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Dow Jones Industrial Average losing ground against the background of uncertainty for investors and concerted action bears. Bulls did not chase the Dow Jones Industrial Average index and left to be devoured by bears. Tuesday, May 18, major indexes of U.S. stock market in the first half of the trades have shown negative dynamics, despite the fact that concerns about the spread of the Greek crisis on other European Union countries had eased somewhat.

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The exchange rate euro is not ready for war with the dollar. The European currency was trading today against the U.S. dollar is close to the minimum values for 4 years. Strategists Bank of New York Mellon Corp. London expects a single currency will experience a further decline, as today’s meeting of finance ministers of European countries, probably would not have a positive impact on the mood of the market.

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EU finance ministers agreed on the regulation of hedge funds. In particular, the heads of financial institutions in favor of more stringent restrictions on the activities of hedge funds and private equity firms. An appropriate statement was made today by the Minister of Finance of Spain, Elena Salgado, the meeting with colleagues in Brussels. “I believe that we have reached a definite agreement on this issue,” – said EA Salgado.

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Dow Jones Industrial Average went into a plus. Start Trading became more favorable for the Dow Jones Industrial Average. Other U.S. indexes also rose. At the opening of stock trading in the U.S. on May 17 is expected to increase the leading index, as evidenced by the dynamics of futures on U.S. stock indicators. As expected, investors will react to events in the European economy, in particular the situation around Greece: investors are still concerned that the efforts to save it from default action may slow down the debt crisis in the region, and this in turn could destabilize the single European currency.

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Europe is experiencing the deepest crisis since the Second World War. The opinion expressed by the head of the European Central Bank President Jean Claude Trichet in an interview Spigel, which will be published on May 17. In his view, this fault are erroneous actions of the governments of the euro area, which led to huge debts.

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