Tuesday, August 18, 2009

ING: correction of the dollar has not yet started

According to analysts ING, the forecast for the currency risk on Tuesday suggests some stability after the decline on Monday. Thus, high-yield currencies today regained some losses the previous day against the U.S. currency of refuge. Some analysts predict that early period of recovery the U.S. dollar. However, ING believes that in order to confirm the entry into a phase of a large dollar correction, it is essential that the dollar index has risen above the area of 79.50/60. Now the dollar index is at 79.30.

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