Financial news

The Central Bank of the Russian Federation reduced the dollar and euro rate

16 апреля 2009 г.

The official U.S. dollar exchange rate of the Bank of Russia for tomorrow is reduced by 3 kopeks from 33,4507 roubles to 33,4184 roubles, the euro rate is reduced by 21 kopeks from 44,2653 roubles to 44,0555 roubles. These data were published on the official site of the Central Bank of the Russian Federation.

On the international exchange market the fall in euro against dollar was observed. As it was clarified by the analysts of “Kalita Finans” , the dollar has grown against the euro on the back of weak macroeconomic data and uncertainty of the monetary policy of the European Central Bank.
So previously the member of the board of directors of the European Central Bank and the head of the Central Bank of Germany Axel Weber in his yesterday’s speech criticized the possibility of the decline in the refinance rate in Europe less than 1%, believing that such a step can paralyze the market private interbank crediting.

At the same time other members of the European Central Bank (the heads of the Banks of Greece and Cyprus) consider the further decline in the discount rate necessary on the back of the growing deflationary exposures.

“Such different points of view among the executives of the European Central Bank are enhancing the pressure on the euro”, the experts are sure.

It’s worth mentioning that at the end of today Asian trading the single European currency together with the dollar were bidden lower the rate of $ 1,32.

According to some experts, today the participants of the market will continue taking into consideration the release of the macroeconomic statistics.  At 13:00 Moscow time the volume of industrial manufacturing in February and the consumer price index of Europe will be published. If the data show the prolongation of the decline in manufacture and deflation then, according to the experts, the euro will get under considerable pressure.
 

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