After a considerable growth of the euro on Monday, 13 September, the markets came to a lull. The market did not react even to a message that the federal budget deficit the U.S. in August 2010. amounted to 90.53 billion dollars, down year on year to 14.3%. A year earlier, the budget deficit figure was fixed at 103.56 billion dollars in the first 11 months of 2009-2010 fiscal year, which ended in the U.S. on September 30 this year, the U.S. budget deficit amounted to $ 1.260 trillion, compared with the previous year, recorded a slight reduction in the "hole" in the budget of the United States. Thus, for the 11 months preceding the fiscal year budget deficit was recorded at around 1.371 trillion dollars
Estimates of the White House, the U.S. budget deficit up to the current financial year will amount to 1.56 trillion dollars, or 10.6% of GDP. Thus, the 2009-2010 fiscal year will be the second consecutive year in the U.S. will be recorded budget deficits in excess of 1 trillion dollars
On the one hand, these figures show that the U.S. economy continues to "swim" is not only cheap money from the Fed, but the budget and grant preferential treatment: a good signal for the "bulls" - the crisis will not be. At the same time, unlimited printing of money can not go unnoticed in financial markets and banks: the latter can "get hooked" on cheap credit and financial markets may begin to inflate the new "bubbles", for example the gold market. And all this at a time when, by and large, there is no alternative to the dollar.
Thus the market is ready to accept a virtually unlimited supply of dollars, because he has no alternative. Therefore, data on gaps in the budget of the United States is not too influenced by the cost of "American." So the dollar is worth 1.289 euros, and the markets are waiting for data from the euro zone to start a new spurt.
