03.11.2005 Ðîññèÿ, Ìîñêâà.
Òàáëî ñ êóðñîì âàëþò íà ñòàíöèè ìåòðî.
03.11.2005 Russia, Moscow.
The table with the exchange rate shown on it
Photo: Sergey Mikheev
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U.S. Dollar Manifests Violent Appreciation
U.S. dollar is violently appreciating vs. Russia’s ruble. The Tuesday gains stood at 6 kopecks and each U.S. dollar have stepped up 11 kopecks to cost 25.64 rubles today.
But the life is not so bright for the single currency of Europe. Indeed, one of the reason of such healthy gains of the U.S. dollar could be euro’s depreciation worldwide. Each euro costs $1.3493 today, while the price was $1.3595 by yesterday’s afternoon, i.e. the U.S. currency appreciated 0.8 percent vs euro over a day.
Moreover, euro is depreciating to ruble for the seventh trading session in a row, having sunk to 34.59 rubles as a result of continuous decline. The Wednesday losses reached 15 kopecks.
Driven by good news about the U.S. trade balance, the dollar will continue to appreciate for a few days, the analysts forecast. But the growth will probably slow down once the figures of industrial output are released; the U.S. industrial production is said to have shed in late July.
www.kommersant.com
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