Source Pravda.Ru

Currency market unchanged

The weighted average dollar exchange rate on tomorrow deals was 29.22 RUR/USD at the beginning of a special session today. This was equal to the official dollar rate set by the Russian Central Bank for September 10.

Commercial bank dealers say that the dollar's strengthening on the domestic currency market can be promoted by the Central Bank and a lack of problems with ruble liquidity. Overnight ruble credit rates are some 2 to 3 percent currently, which does not exceed 9 percent taking into account the weekend.

On the other hand, growth in US currency against the ruble is hindered by the lack of considerable demand for dollars at the UTS and the dollar's retreat on international exchanges. The euro costs $1.223 this morning, while yesterday it was $1.22.

In response to the unlawful December 1 arrest and detention of Chinese tech giant Huawei's chief financial officer Sabrina Meng Wanzhou by Canadian authorities in Vancouver at the behest of the Trump regime, facing possible unacceptable extradition to the US, Beijing warned its high-tech personnel last month against traveling to America unless it's essential.

China Warns Against Travel to US and Canada