Dollar and euro take dive on MICEX for Thurs
MOSCOW. March 11 (Interfax) - The U.S. dollar and euro posted noticeable losses on the Moscow Interbank Currency Exchange (MICEX) on Thursday as the ruble continued to climb against the Central Bank's bi-currency basket. The CB reduced the basket's lower threshold by around 10 kopecks. The ruble was able to gain for the day owing to high oil prices.
The dollar went down by 10.5 kopecks in Tomorrow trades to close at 29.495 rubles/$1 while the euro decreased by 7.75 kopecks to finish at 40.245 rubles/EUR1.
The value of the bi-currency basket ($0.55 and 0.45 euro) fell by around 10 kopecks to close at 34.33 rubles after hitting a session low of 34.31 rubles.
The dollar's average weighted exchange rate on the MICEX decreased by 22.21 kopecks to 29.5195 rubles/$1 in Today deals on Thursday and by 16.66 kopecks to 29.4972 rubles in Tomorrow deals. Total dollar trading on the MICEX amounted to $4.057 billion with $889.5 million in Today deals and $3.167 billion in Tomorrow deals.
The average weighted rate of the euro decreased 10.87 kopecks to 40.2397 rubles/EUR1 rubles in Today deals and 7.72 kopecks to 40.257 rubles/EUR1 in Tomorrow deals. Total euro trading came to 154.3 million euro, of which 56.2 million euro were Today deals and 98.1 million euro were Tomorrow deals.
The overnight MIACR came to 3.01%, down 24 basis points for the day.