Source Pravda.Ru

Unlike special session, interbank market posts small dollar trade volume

Today in the afternoon, just as in the morning, the activity of tradesession participants on the interbank foreign currency market remains low.At 14:45, Moscow time, the trade volume barely reached $15m on theinterbank market. At the same time, at the afternoon dollar trade sessionthe spread between dollar exchange rate quotes was very narrow, since boththe weighted average dollar rate and the high and low on dollar rate quoteswere posted at the same level - RUR31.66, so the price of dollartransactions on the interbank foreign currency market is low, too, sinceeven the high on dollar rate quotes exceeds the official dollar exchangerate set by the Russian Central Bank for September 12 by only RUR0.02. Onthe other hand, the trade volume posted at today's morning dollar tradesession was nearly $93m, an increase of $13m as compared to the previousfigure. Additionally, this trade volume is the largest among three pastunified dollar trade sessions. The current trade volume on the interbankforeign currency market is 6 times higher than the trade volume posted atthe special dollar trade session..