25 Aug 2010 18:10

Dollar and euro both gain on MICEX as oil prices fall

MOSCOW. Aug 25 (Interfax) - The U.S. dollar and euro increased on the MICEX on Wednesday as world oil prices continued to drop and freshly released U.S. macroeconomic stats proved to be unfavorable. The Russian ruble dropped noticeably for the second day in a row against the Central Bank's bi-currency basket.

The dollar went up by 6.5 kopecks to close at 30.97 rubles while the euro increased by 16.5 kopecks to finish at 39.135 rubles/EUR1.

The bi-currency basket (set at $0.55 and 0.45 euro) went up by 16 kopecks to finish at 34.64 rubles.

The dollar went up 9.28 kopecks in Today deals on the MICEX to 30.875 rubles/$1, and 6.29 kopecks to 30.8208 rubles/$1 in Tomorrow deals. Overall dollar trading came to $5.323 billion, of which $1.162 billion were in Today and $4.16 billion in Tomorrow deals.

The euro went up 25.77 kopecks in Today deals to 39.1252 rubles/EUR1 and 21.47 kopecks in Tomorrow deals to 39.1138 rubles/EUR1. Volume was EUR 270 million, including EUR 119 million in Today and EUR 151 million in Tom deals.

The MosPrime Rate for overnight loans went up by 16 basis points to 2.92%.