Wednesday, January 27, 2021
Sign-In
|
Sign-Up
|
Contact Us
|
Bookmark
Home
News
Articles
Forum
Search
Directory
Blog
Accounts
Business
|
Politics
|
Technology
|
Entertainment
|
Sport
|
Other
|
All Published News
|
The dollar rate increased on MICEX following the positive dollar dynamics
The dollar rate increased on MICEX following the positive dollar dynamics on the Global Forex Trading due to the Federal Reserve rate hike. In the first two hours, dollar deals on MICEX for tomorrow increased from 27.63-64 to 27.68 rubles per dollar, followed by pegging. Hence, the official rate of the dollar went up by six kopecks against the ruble to reach 27.6381 rubles per dollar. Russian dealers say that the Forex dynamics is the main peg for the Russian market. In the previous days, the US national currency increased nearly by 12 kopecks in anticipation of the US Federal Reserve rate. Previously, experts also focused on the Federal Reserve comments as to whether the rate growth would remain at a moderate level (one-time growth by 0.25% maximum) or become more aggressive. On Tuesday night, news came that the US rate had increased by 0.25% to 2.75%. This decision encouraged dollar growth on Forex to $1.3083, a record high monthly figure, said Yelena Khrupova, the analyst of the BrokerCreditService investment company. The US Federal Reserve announced about the moderate rate increase but pointed out the mounting inflation pressure in the country. According to Khrupova, this reservation indicates the possibility of more aggressive growth of the rate in the near future. "This announcement gave a powerful boost to the dollar on the currency market," agrees Alexander Osin, the analyst of the Ekonatsbank. In his opinion, the chances to increase the rates by 0.5% already at the May session of the Federal Reserve "can be construed as quite serious now." Experts note the significance of the reports on the US inflation published on Thursday. "Today we expect dollar to be consolidated [on Forex] at the current level in expectation of new inflation reports that could throw light on the Federal Reserve's further moves in relation to the rate hike," Khrupova believes. Osin concurs with this opinion, and is positive about the forthcoming publications. "It is possible that tomorrow's macroeconomic indices would boost the US currency again, despite the present short-term technical outbidding," said the expert. According to Osin, considering the stable dollar rate on Forex today, the dollar rate to the ruble is highly likely to be restored at 27.7-27.9 rubles per dollar.
Related News
Yesterday the Central Bank of Russia reported the euro had increased its share in the currency basket from 10% to 20%.
The banks' owner equity growth was 13.2% in 2004
Russian companies are negotiating oil deliveries to North Korea
The system of turnpikes being set up in Russia is a basic element of the transport strategy designed until 2020
Almost two thirds of Russians (63%) usually buy food products in minor stores
International conference Nuclear Power for the 21st Century will take place in Paris on March 20-21
New Ukrainian leadership confirmed its intention to become part of the future Common Economic Space
The following rates of exchange of foreign currencies to the ruble of the Russian Federation
The Board of Directors of the World Bank has approved a loan of $80 million to finance the project of modernization of Russian Rosgidromet
The Kremlin has stated its position on the Gazprom reform
The following rates of exchange of foreign currencies to the ruble of the Russian Federation
Russian children engage in crafts and business en masse
Gazprom and Siemens have concluded a strategic partnership agreement
The Russia army is taking a new military vehicle in the arsenal - the Terminator
A Russian businessman purchased an extremely unique retro car
Permission to develop Russian minerals will only be given to residents of Russia
Mikhail Fradkov has criticized the implementation of national privatization plans
The following rates of exchange of foreign currencies to the ruble of the Russian Federation
Mikhail Fradkov reported that the introduction of common currency from January 1, 2006 remains under consideration
The construction of the Moscow-St. Petersburg highway is one of the most interesting projects for private investors
Feb
March 2005
Apr
Mo
Tu
We
Th
Fr
Sa
Su
28
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
1
2
3
4
5
6
7
8
9
10