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FRS Will Hold an Important Meeting Today

They will discuss possibility of the rate on USD increase.

16.Jun.15 8:27 PM
By Dmitry Zaitsev


FRS Will Hold an Important Meeting Today
If Federal Reserve System will approve of increasing the rate on USD, it will lead to more dollar value and it will become more expensive. It will influence currency exchange rate of USD toward all other currencies greatly.

Experts say that the most damage will be made on economy of development countries as well as countries which export oil.  And Russia is also among them. The reason is rather simple. Strong dollar will not only be more expensive than all other currencies, it will have a negative influence on oil price decreasing it.

Federal Reserve System meeting will take place from June 16 to 17. When the meeting is over, the head of FRS Janet Yellen will take the final word and announce her decision regarding this question.

It should be noted that the Head of Russian Central Bank Elvira Nabiullina offered not to wait decision of FRS. Who knows, maybe it is just her competitive spirit not allowing her letting forward American opponents. Otherwise it is hard to explain her decision.

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