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The Pakistan government faces quite difficult task at the moment - to find about $5 billion in a 30 days with the aim to prevent default on current account payments.

The United States dollar kept its high positions supported by decreasing oil prices and several certain announcements from the Federal Reserve. The oil prices have decrease below the $130 a barrel point and the Charles Plosser at the Fed made his announcement concerning the possible inflation. Due to his words growing inflation could cause the Federal Reserve to increase interest rates before any recovery at the labor and financial markets and this is quite supportive for the USD. Moreover the USD was also supported from the announcement of the Hank Paulson – US Treasury Secretary who said about the importance of the strong currency.

The IFO survey issued recently caused the sharp growth of the Euro in relation to the USD. The business climate index provided in the IFO survey experienced a growth reaching 103.5 point instead of 101.9 predicted by the experts. Such trend reflects the situation at the German Business market that seems to be quite stable at the moment. According to the Capital Economics official Jennifer McKeown the growth of the IFO did not compensated the previous month decrease in full but it improved anyway.