Source Pravda.Ru

Euro tumbles against ruble

The weighted average euro rate amounted to RUR34.34, down RUR0.29 against the official euro rate for today. Commercial bank dealers link this considerable sag in the euro rate to a significant strengthening of the dollar on world exchanges. Today, the euro costs nearly $1.133, down from yesterday's $1.144.

This rise in the dollar rate has been largely due to upbeat forecasts for the US economic recovery that were posted in a monthly review of the Federal Reserve System. In particular, according to the Federal Reserve experts, US unemployment rate is likely to go down.