The market got what he wanted to switch to the problems of the euro zone, after the Fed "made money" under the QE2. Now the focus away from political events of the eurozone countries. Investors are watching with the way fiscal consolidation, there is an opportunity for governments to undertake the necessary bills. Potentially the most dangerous for the euro is that the hardest thing - the actual effect of reducing costs and tightening tax burden - yet to come. In fact, we see that developing countries are no longer so much more willing to buy euros. This is understandable, as adopted by France and Germany a couple of weeks ago, the pact allows you to place the burden on rescue troubled countries on the holders of debt.Obviously, the question emerges whether, say, Russia to buy the debts of Spain or Ireland, if there is a risk also forked out for a package of assistance to these countries? The answer from Russia received: do not buy the debts of these countries in the national welfare fund. Logical. Why not bet on those regions where there are no problems with the budget and economic growth fueled by strong exports, like, say, in Australia.
What do other securities of developing countries? Buy gold. It reached a high of $ 1,414 per troy ounce. Nevertheless, the dollar also appreciated. Still ruble is not held in high esteem, despite the rather high levels of oil ($ 87 per barrel WTI). Affects the weakness of the domestic economy. Thus, the dollar / ruble has already reached 30.87, the euro / ruble fell back to 42.75 and in all likelihood will continue to decrease in the sales of the single currency on the forex market.
Translate this page
