Over the past few weeks, the U.S. currency losing ground against a basket of major world currencies. However, all attention is not riveted to the weakening dollar, and the risk of growth of world inflation. Rates are increasing, while the U.S. dollar is weakening.
Nevertheless, analysts Bank of America Securities – Merrill Lynch says in his new report on world currency, that this trend will continue only in the near future, then the dollar starts to gradually restore their positions. The sharp drop in United States currency is not profitable now or the U.S. authorities, nor the rest of the governments.
In doing so, the key to understanding the pair euro-dollar policy, is still the world’s central banks with regard to its foreign exchange reserves, experts believe. Thus, it is estimated Bank of America Securities – Merrill Lynch, the central banks of developing countries in 2009 will not get rid of the American currency.
It is predicted the bank, the world’s reserves will gradually increase to 30 billion dollars monthly. At the same time every month, about 10 billion dollars will be sold to diversify their reserves, which is only a third of the pre-crisis levels, but given the overall decline in currency trading is a very important indicator.
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