Sunday, November 6, 2011

Dollars no longer suffice

Banks Finansy21-01-2009 Dollars ceased to miss the second consecutive day the ruble grows to a currency basket, which is the first time since August, when it started to weaken. Each stroke of the ruble, Russians greeted care in dollars and euros. Analysts explain this lack of growth of ruble liquidity and prevent - to rejoice too early still to come. Tuesday and Wednesday, the Russian currency has demonstrated amazing growth. The cost of the currency basket of the Russian Central Bank (consists of 55% from U.S. dollars and 45% in euros) fell on Tuesday, just a penny to 54 - up to 37.46 rubles. On Wednesday the ruble continued to rally - currency basket fell to 36.89 rubles. To a greater extent, "suffered" the euro (its official rate on Thursday - 42.15 rub.) Dipped slightly less than the U.S. dollar (its future course ? 32.64.). Experts attribute the demand for rubles that banks and companies, waiting for further weakening of the ruble, transferred all its assets in foreign currency. "Now there was a period of tax payments and other ruble settlements, and it turned out that the banks do not have rubles in sufficient volume", - said Bigness.ru FxPro financial analyst Alexander Kuptsikevich.

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