U.S. dollar has materially appreciated to Russia’s ruble at today’s trading in foreign currency, tomorrow settlement.
Photo: Pavel Solov
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U.S. Dollar Materially Appreciates vs. Ruble
U.S. dollar has materially appreciated to Russia’s ruble at today’s trading in foreign currency, tomorrow settlement. The rate was 24.50 ruble/dollar as of January 17, i.e. 16 kopecks above the official rate set for today.
U.S. dollar is appreciating to Russia’s ruble for the second day running. Having gained 5 kopecks yesterday, the dollar grew 21 kopecks, or 0.9 percent, during two days.
The reason of this progress is global losses of Europe’s currency. Each euro averages less than $1.4620 worldwide vs. $1.48 by the past afternoon. The dollar appreciated 1.3 percent to euro in the last day.
Notable strengthening of dollar’s standing on FOREX has been also ensured by aggressive deals of commercial banks during special trading. The players made transactions worth nearly $658 million as of 11:30 a.m. MSK.
The analysts forecast the dollar to rise this year, reasoning the U.S. economy is recovering from the August crisis, while the economic growth in Europe is slowing down. Regardless, the ailing prices for real estate and today’s condition of credit markets may lead the United States to recession in the end.
www.kommersant.com
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