Source Pravda.Ru

Euro keeps falling against ruble

The weighted average euro rate with today settlements amounted to RUR35.07, down RUR0.1 against the official euro rate. According to analysts, today's further fall in the euro rate on the Russian market was due to the dollar strengthening against the euro on foreign exchanges. Experts believe it was also a recent announcement of IMF Managing Director Horst Koehler that triggered the sag in the euro rate. According to Koehler, central banks and governments of industrialized countries will soon have to take certain measures, if the dollar becomes too weak.

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