7 Oct 2019 20:05

Ruble following most EM currencies down against dollar, euro

(technical repeat)

MOSCOW. Oct 7 (Interfax) - The ruble is following most EM currencies down against the dollar and euro on the Moscow Exchange as markets wait for news about this week's U.S.-China trade talks.

At 7:00 p.m. Moscow time, the dollar was up 29.25 kopecks from previous closing at 64.91 rubles/$1, and the euro was up 34.75 kopecks at 71.3 rubles/EUR1. The bi-currency basket ($0.55 and EUR0.45) was up 31.73 kopecks at 67.78 rubles.

Following this morning's index session, the Central Bank lowered its official dollar rate for tomorrow by 20.41 kopecks to 64.8259 rubles/$1 and lowered its euro rate by 20.45 kopecks to 71.1464 rubles/EUR1.

The dollar averaged down 0.79 kopecks to 64.8634 rubles/$1 in Today deals on the Moscow Exchange but, by 7:00 p.m., was up 7.48 kopecks to 64.8751 rubles/$1 in Tom deals. Overall trading volume was $2.365 billion, with $515.837 million in Today and $1.849 billion in Tom deals.

The euro averaged down 1.82 kopecks in Today deals to 71.179 rubles/EUR1 but up 14.51 kopecks in Tom deals to 71.2504 rubles/EUR1 in volume of EUR630.964 million, including EUR186.612 million Today and EUR444.352 million Tom.

The MosPrime rate for overnight loans rose 6 bps to 7.14% ps.