|
|
![]() |
|
![]() |
|
 |
|
About the Company
|
Partnership
|
Documents
|
Contacts
|
![]() |
 |
Analysis |
 Return Analysis
|
![]() |
 |
Markets Summaries – Special Issue as of November 7th, 2007.
|
![]() |
|
![]() |
|
Tonight the US dollar crashed to the new lows on the whole range of instruments. The Euro has broken through 1.46 and showed the new historical high at 1.4670. The pound reached 2.0950. The Canadian dollar broke through not only 0.93, but also 0.92, came close to 0.91 and was traded even below this level. The Swiss franc was strengthened to 1.1350. Gold gained in price to 839 dollars per ounce, silver - to 15.88 dollars per ounce, crude oil - to 98 dollars per barrel. However, it is still to say that the goals of the dollar bears have been achieved...
|
|
![]() |
|
The previous review of the currency market contained the key combination – “big-time policy", which explains the current situation. The Chinese authorities stated the necessity for diversifying 1.4 trillion of the dollar reserves transferring them into more expensive currencies, "for instance, in the Euro".
Immediately after the news a spasmodic drop of the dollar took place, which will remain on the lows until the evening American statistics. Even being very positive, it can hardly change the core of the problem.
Later the information channels broadcast the refutations of the earlier made statements but the market has not reacted to this with a noticeable rebound.
|
![]() |
|
|
© Copyright "CGC" 2008
Created web000@mail.ru 2007 |
|
|
