27 January, 2012

Exporters and Greece dropped the dollar

After a six-dollar break on the Russian currency market again went down and dipped below $ 31 rubles. for $ 1. Contribute to the strengthening of the ruble pending the outcome of the Eurogroup meeting, which must decide the fate of further assistance to Greece, as well as increased demand for domestic currency by exporters.

Dollar on the Russian market as a result of the sharp decline of quotations on the MICEX fell below 31 rubles. for $ 1. By 15:07 Moscow time for $ 1 gave 30.93 rubles., Which is 59 kopecks. below the close on Friday. By 16:40 Moscow time has stabilized near the mark of 30.98 rubles. for $ 1. Since the beginning of last week, the dollar fell on the Russian market by 90 kopecks. And the beginning of the year he lost in the price of 1.2 rubles. In turn, the euro fell to 40.3243 rubles. € 1, 17 kopecks. inferior to the previous day's close. As a result, the value of the currency basket for the first time since mid-September fell to the level of 35.196 rubles., 26 kopecks. below the close on Friday.

Weakening of the major world currencies in the Russian market expectations contribute to the outcome of the Eurogroup meeting to be held tonight. As part of the eurozone finance ministers will consider granting Greece the second package of financial assistance that can not be submitted to the country until it has an agreement with private creditors to write off part of the debts that are on their balance sheets. "Over the weekend has not appeared on the negotiation of the final communiqué between the authorities of the country and its creditors, although, according to the head of the Institute of International Finance, Charles Dallara, there had been some agreement that the eurozone finance ministers today in conjunction with the IMF will have to consider" - note Analysis of PSB. "From various sources we know what is being discussed yet 65-70% of cancellation. Details of the debt restructuring, involving the exchange of existing bonds of Greece to the new, longer-term, have not been disclosed, - said Alfa Bank analyst Angelika Henkel .- In the case of a favorable conclusion of negotiations upward wave on world stock markets will continue. "

Provides additional support for the ruble beginning of the tax period in Russia, which is traditionally accompanied by an increase in demand for rubles from Russian companies. According to analysts of Raiffeisenbank, next Wednesday will pay tax on mineral production and excise taxes, the total size of about 225 billion rubles. "Since the beginning of the fiscal period the market became more active exporters who sell the currency, which positively affected the rate of the ruble", - said Head of Dealing Nomos Bank Artem Gavrilov.

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