27 January, 2012

Euro exchanged thirties

Yesterday, the euro in trading on the MICEX after nearly six-month break are lower than 40 rubles. / €. The demand for ruble makes Russian banks get rid of the currency, which further reduces the rate of the euro against the backdrop of heightened talk of withdrawal of Greece from the European Union.

On Thursday, the euro with the delivery of "tomorrow" on the MICEX for the first time since early August fell below 40 rubles. / €. Following the session, he stood at 39.775 rubles. / €, which is 25 kopecks. lower than the close of Tuesday. In the new European currency, the confidence is cheaper on the Russian market, for this time of the exchange rate fell by almost 2 now. Only for the last three days, he lost more than 70 kopecks. Currency basket on the end of trading session, fell by 19 kopecks., To 34.7947 rubles., The dollar fell for a day at 14 kopecks., To 30.72 rubles. / $.

The weakening of European currencies in the Russian market was happening against the background of its depreciation abroad. During yesterday's trading the euro sank to the level of $ 1,2929 / €, which is 0.7% below the close on Tuesday. This was facilitated by the lack of certainty in the European authorities on the timing of providing financial assistance to Greece. "Many private investors are unhappy that the ECB refuses to bear the loss equally with other creditors - the analyst Oleg PSB Steps .- Since the high probability of failure of negotiations with private creditors in Athens, on the sidelines of the Davos Economic Forum, which opened more often heard talk of the probability of exit from Greece the eurozone. " The expediency of exit Greece from the EU in Davos Sberbank CEO German Gref. "In my opinion, for Europe and Greece would have been much more rational way of Greece, the euro area" - quoted Mr Gref, "Interfax".

Additional support for the Russian currency has continued shortage of ruble liquidity, which is superimposed on the tax period. According to analyst Mary Raiffeisenbank Pomelnikovoy yesterday, the company paid the tax on mineral production and excise taxes, the total amount of which is estimated at 215 billion rubles. In addition, until January 30 to pay tax on profits of 100 billion rubles. Banks have recouped 170 billion rubles. Ministry of Finance budget, analysts add NB "Trust." "The missing amount of liquidity could have been taken by the Central Bank, in the morning repo auction, but the controller significantly reduced the limit on these transactions, so banks had to actively sell the currency, which led to a sharp appreciation of the ruble" - said the head of the Monetary and Financial Department, Citibank Denis Korshilov. According to CB, the demand for one-day morning auction repo amounted to 167.9 billion rubles. with a limit of 30 billion rubles.

"The potential of the ruble is very limited, and we see the reverse motion immediately after the situation has improved with ruble liquidity," - said a senior trader bank "Globex" Igor Zelentsov. According to Denis Korshilova, liquidity is traditionally restored at the beginning of each month immediately after the tax year ends. He did not rule out that next week the dollar on the Russian market will return to around 31 rubles. / $ Value of the basket exceeds 35 rubles. And the euro will rise again above 40 rubles. / €. Further movement of the courses will depend on the dynamics of international markets and the situation in the country's presidential election. "Of course, first of all investors will look to external factors - the development of the debt crisis and its impact in Europe, the situation in the U.S. and the dynamics of commodity prices, - says Denis Korshilov .- However, interest will continue to the political situation in Russia, which has become less clear after a failed approving the terms of the rally, scheduled for February 4. "

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