Source Pravda.Ru

Euro and ruble continue seesaw game on Russian market

The weighted average euro rate reached RUR34.5 by the end of today's special euro trading session on the Russian currency market, which was RUR0.21 higher than the official euro rate set by the Russian Central Bank for August 12, 2003. Experts from domestic commercial banks linked this weakening in the ruble exchange rate to euro's growth on international exchanges, in the first place, against the dollar and the pound. This rising tendency, in turn, is caused by increased dollar sales on global markets prior to a meeting of the US Federal Reserve to be held later today, the currency analysts reported. They expect that the Federal Reserve will almost certainly keep short-term interest rates steady at 1 percent.

© &to=http://www.rbcnews.com' target=_blank>RBC

Comments
How Russia can respond to Israel following Ilyushin Il20 shootdown
NATO's 5,000 warplanes ready to bomb Russia, Chinese media say
Russia sees Israel as enemy after Il-20 shootdown
Can Russia oppose coalition forces in the Mediterranean?
Can Russia oppose coalition forces in the Mediterranean?
Can Russia oppose coalition forces in the Mediterranean?
NATO to strike Russia through Suwalki Corridor
Russia considers pulling out from Council of Europe
NATO to strike Russia through Suwalki Corridor
Russia to abandon the US dollar at common people's expense
Russia to abandon the US dollar at common people's expense
On the verge of war: NATO tries to take over former Soviet states
On the verge of war: NATO tries to take over former Soviet states
On the verge of war: NATO tries to take over former Soviet states
On the verge of war: NATO tries to take over former Soviet states
Russia considers pulling out from Council of Europe
South Korean President finds DPRK people eating sturgeon at fancy restaurants
NATO to strike Russia through Suwalki Corridor
Sexual abstinence more harmful to women
Russia exposes audio recording proving Ukraine's implication in MH17 disaster
International Peace Day: We demand Peace!