...

European Experts Forecast 7.5% rise in US Dollar in 2009

Business Materials 17 April 2008 11:05
European Experts Forecast 7.5% rise in US Dollar in 2009

Azerbaijan, Baku, 16 April / corr Trend A.Badalova / The second largest bank of Europen, UBS of Switzerland, forecasts that in December the cost of the UD dollar will comrpise $1.4 per euro asc ompared to the current $1.56 per euro, the Swiss banks told Trend on 16 Apri`l швейцарском банке. В декабре 2009 года стоимость американского доллара к евро составит $1,3.

The Swiss banks forecasts that in 2009 the US dollar with respect to Euro will comprise $1.35 in average compared to $1.48 per euro in 2008.

Since the beginning of 2008 the US currency dropped by 7.8% as compared to 7.8%. In the run up a meeting of G7 in Washington last week the euro rate reached its maximum at $1.5915.

Meanwhile, the British consulting company on economic researches Capital Economics told Trend that in 2009 the cost of the US dollar with respect to euro will comprise $1.4 per euro from $1.5 per euro in 2008.

The finance ministers and heads of central banks of G7 voiced their concerns in connection with weakening of US dollar rate. The statement on the results of the meeting said that since the last meeting of G7 instability was observed in many currency units and we are worried by its consequences for the economic and financial stability. The G7 called on China to intensively consolidate the yuan rate due to the country's rising trade balance and internal inflation.

The correspondent can be contacted at [email protected]

Latest

Latest