18 June 2004 04:41
Dollar remains stable at around 29.02 rubles
Central Bank intervention was not evident on Friday, but its
presence is felt all the time and the 29.02 rubles/$1 level remains
unchanged with very slight fluctuations, said Roman Frolov of
MOSCOW. June 18 (Interfax) - The dollar has remained stable at about 29.02 rubles for two weeks thanks to the Central
Bank of Russia, which has bought dollars at this price.
RosEvroBank. "The ruble liquidity problem is still a cause for concern among market players, but the large banks
do have sufficient funds. Interbank loan market rates are gradually dropping, but the crisis of trust between banks will
not end any time soon - this is not a question of two weeks, but two months," he said.
On the international Forex market, the euro rose from $1.198 to
$1.209 in Asia trading. "The euro went up due to poor U.S. economic
"For bank credit committees to newly open limits for counter agents, balance sheets for the past month need to
be analyzed and first half results calculated. I think the situation will get back to normal toward the end of the
summer," Frolov said.
statistics that did not meet expectations (the current account deficit in the first quarter rose to a record $144.9
billion)," he said. "However, on the Russian market the euro will climb only on Monday," he added.
The dollar went down 0.45 kopecks to 29.0228 rubles/$1 in Today deals and rose 0.27 kopecks to 29.0213 rubles/$1 in
Tom deals.
A total of $809.165 million changed hands Friday, including $431.802 million in Today deals and $377.363 million in
Tom deals.
In euro/ruble trading, the euro slid 9.23 kopecks to 34.8326 rubles/EUR1.
Banks traded EUR 6.451 million in 192 deals. [RU ASIA EUROPE EMRG EEU FRX CEN BNK INSI] me
[Interfax] |
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