Russia » Economics
Author`s name Michael Simpson

Comments: Do Russians Need Strong Dollar?

The US currency will be declining until the autumn. What is to come next?In Evian, US President George W. Bush said what everybody wanted him to say: America will carry out a policy aimed at strengthening of the dollar rate on the world markets. Japan Prime Minister Junichiro Koizumi approves of this idea. It is no wonder, because Japan was the country where dollar slightly went up with respect to the key currencies of the world. The reaction of the European currency markets was also positive, and the dollar to euro rate has slightly gone up. Meanwhile, there is little hope in Russia that dollar may go up quickly

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