Expert: US dollar to keep rising
Euro has continued falling, with banks in Belarus today trading Euro for Br 2910 - Br 2980. Just several months ago, the European currency could be sold for Br 3400. Meanwhile, US dollar is rising. Economist Leanid Zaika says that US dollar and Euro rate fluctuations reflect a normal situation. He suggests that Euro will start growing again in a certain time. As for the dollar, Leanid Zaika forecasts its growth at list until the presidential elections in the United States.
“The American economy has performed better than it was forecasted. Secondly, the US government has taken up the burden caused the crises in mortgage companies. Therefore, trust to the dollar will grow", Zaika says.
In the view of the economist, if McCain becomes the president, it will not change the situation. But if Obama is elected the new US president, one should expect small "tsunami" in the securities market.
“The American economy has performed better than it was forecasted. Secondly, the US government has taken up the burden caused the crises in mortgage companies. Therefore, trust to the dollar will grow", Zaika says.
In the view of the economist, if McCain becomes the president, it will not change the situation. But if Obama is elected the new US president, one should expect small "tsunami" in the securities market.
