Dollar and euro may even up in 2005

[La_Serpiente]

Dollar and euro may even up in 2005

The dollar and euro exchange rates may even up over the next year or a year and a half, Viktor Gerashchenko, the former head of the Russian Central Bank, announced in a live interview on the Echo of Moscow radio.
He stressed that nothing was likely to threaten savings in dollars for the long term. However, in the event citizens plan large ruble payments over the next year, it was advisable to exchange dollars for rubles right now.

A lot of analysts support this position, and the present situation on the domestic currency market testifies to this prediction. There is no doubt that the dollar rate will be falling gradually over the next twelve months. At the recent trading session, the dollar rate with tomorrow settlements dropped RUR0.11 to RUR29.14 as there was no support from the Central Bank.

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Dollar and euro may even up in 2005

[bemildred]

1. Notice that he does not want to actually trash the dollar.

"He stressed that nothing was likely to threaten savings in
dollars for the long term."

But he warns people to think ahead.

[Lefty48197]

2. If the Europeans are smart, then they'll tie their currency to the dollar

just like the Chinese did. That way Bush won't be able to cure OUR economic ills on THEIR backs.