Friday, March 20, 2009

The dollar fell to 60 cents, the euro rose by 71

Average U.S. dollar to the Russian ruble to the payment terms "tomorrow" to bid a single trading session on MICEX as of 11:30 Moscow time, on the basis of which the process dollar a day, decreased by 59.81 kopecks, compared with the state of at 11:30 the previous trading day and amounted to 33.8222 rubles, sends "Finmarket.

The official exchange rate set by the Central Bank of Russia from 20 March, is 33.8222 rubles, the euro - 45.5416 rubles, the Central Bank data show. Thus, the official exchange rate has declined compared to March 19 at 59.81 kopeks, euro - grew by 73.33 kopecks.

Cost basket, calculated at the official exchange rate on Thursday, at 39.10 rubles to 39.09 rubles on Wednesday.

The upper limit of the value of a basket CBR at 41 rubles.

Weighted average rate of the euro for a period of calculations "Today" at 11:30 Moscow time, in relation to average at 11:30 the previous session increased by 71.26 kopecks and was 45.5194 rubles.

At the international Forex market the euro to the dollar declined slightly in the morning, but by noon, again began to grow. Euro was worth 1.3454 dollars at 9:45 Moscow time on Thursday, compared with 1.3474 dollars the previous day in New York. On Wednesday evening, the European currency rose to U.S. the fastest pace in 9 years.

It is noteworthy that the most likely fall in the dollar and the ruble and the rapid growth of the European currencies linked to the recent announcement by the U.S. Federal Reserve.

It is the eve announced repurchase of long-term government debt securities amounting to 300 billion dollars in six months and an increase in investments in mortgage securities led to a sharp drop as the dollar and rally in the bond market.

The corresponding increase in dollar offers recent pressure on the rate of U.S. currency, and the announcement of the repurchase by 300 billion dollars only added fuel to the fire: the dollar for all major currencies collapsed.

Euro soared to a maximum of two samples 1,34 dollar, whereas before the announcement traded at 1.3120. By the yen the dollar has lost about 2% and the cost after the statements by the Fed 96.76 yen.

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