Euro slumps in anticipation of rate

2009 continues to lower the European currency down to earth. For the third consecutive session on the world sites observed the same trend - the depreciation of the euro against its main competitors. The reason for leniency which is it traditionally - in two days the European Central Bank is most likely to be forced to lower the benchmark interest rate, reduce regional currency. Today, perhaps, the only question in one - on how much it would decrease it. Experts predict that rate, which currently stands at 2.5 percent. APR may lose from 0,5 to 0,75 percentage points. However, even these figures may prove to be a non-leaf, given that the ECB is constantly on the move, if not two behind the main indicator of the economic crisis - the United States. Recall that from the last meeting of the Federal Reserve on Dec. 16 is also small, who expected to reduce the base rate at 0.75 percent., And its level is zero, and in general no one spoke, suggesting that this level will be achieved only in 2009. Today such a plot is kept in respect of ECB rate. And as a final decision will be made only after two days, investors trying to avoid the maximum loss, transfer money into safer assets to date. "The euro is more than enough space to fall further. Attention currency markets are now focused mostly on how low will drop interest rates in Europe, as the ECB's more behind the general trend in comparison with other central banks," - said Deputy Head of Unit currency transactions Nomura Trust and Banking Co. Hideki Akimura. He predicted that by next week the euro could cost U.S. $ 1.25 is Here at the end of this year, as predicted by the Vice President of Capital Markets Tempus Consulting Inc. Greg Salvadizho in Washington, the prospects for the euro is even more bleak: "By the end, the euro will cost about 1.10 dollars" However, the reduction in the base rate - this is just one of many reasons for the decline of European currencies. On its cost is also influenced by a warning Standards & Poor's on possible reduction of the sovereign rating of Spain. The combination of these two expectations of the euro at 10:30 MSK Tuesday was worth 1.3238 dollars, its lowest value since Dec. 12, against 1.3362 dollars at the end of the previous trading day in New York. Course of a single European currency fell this time to 117.94 yen against 119.19 on Monday. In total, since the beginning of the year the European currency has lost 6.2 percent. against the yen, 4.7 percent. the dollar and 5.8 percent. the pound sterling, despite the reduction in base rates by the Bank of England. Russian market otrylsya today in the spirit of the previous trading sessions. Perhaps it is no surprise, as it is not sad, the next expansion of the frontiers against the currency basket. True, we note that today, the Central Bank allowed the ruble to fall slightly - only 7 cents on the level of 35.76 rubles., Recorded the day before. At 10:04 the value of currency basket was 35.8395 rubles. with the dollar at 31.2491 rubles this time. and the euro - 41.45 rub. In this case, the dollar began the day with a mark 31.41 rbl. That more than 40 cents above the official rate. By 10:40 MSK situation in the forex market a few "ustakanilos: dollar exchange rate was 31.243 rubles., The euro - 41.3792, which, incidentally, lower than the official rate by 16 cents. This allowed us to adjust the boundaries of the currency basket for 3 pennies and, thus, apparently, to define a new upper frame of a basket of currencies, amounted to 35 rubles 80 kopecks.