Financial news

The Dollar Has Turned Back Upon Flu

04 мая 2009 г.

In the Monday morning the rouble has become stronger to the US dollar and was rated at 32, 9740 roubles per dollar but has lost to euro – up to 43, 9939 roubles. Cost of the Central Bank bi-currency baskets was 37, 93 roubles. Analyst of Financial Group “Kalita-Finance” Mr. Andrey Gangan speaks, that the second half of this week promises to be the extremely intensive.  “Besides sessions of the European and English Central Banks, results of the American banks’ stress-tests will become known.

Unofficially, at least six of them don’t meet requirements of assets’ sufficiency, - writes Mr. Andrey Gangan. - Among them Bank of America and Citigroup. Both organizations might need more than $10 bln ". Imminent bankruptcy of a motorcar giant - corporations Chrysler (lets out cars under marks Chrysler, Dodge and Jeep) also intrigues. It is expected, that Chrysler factories can stop conveyors because of bankruptcy. As assessed, the concern’s debt to creditors is approximately $1 billion. 

And as per swine flu (virus N1H1), which has already outbroken in 18 countries and which is pandemic threatening, has affected the dollar just a little. Though local authorities are also intended to appropriate $1,5 billion on struggle against pandemic threatening. That was declared by the president Obama late last week.

The Dollar exchange rate and euro exchange rate fixed by the Central Bank on Monday was 32,9740 and 43,9939 roubles accordingly. According to the information of the Moscow Interbank Stock Exchange by 12.15 Moscow time, in "tomorrow" payments the dollar costs 32,9661 roubles, euro - 43,8860.

Experts mark, that positions of rouble become stronger because oil price has increased: in the Monday morning in the electronic tenders on the New York commodity exchange the price of the WTI oil future contract for June was $53, 27 for barrel.
 

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