20 Nov 2009 18:50

Dollar and euro post substantial gains on MICEX, ruble hits two-week low

MOSCOW. Nov 20 (Interfax) - The U.S. dollar and euro posted noticeable gains on Friday as the situation on capital markets worsens. The dollar was able to top 29 rubles on the MICEX market for the first time since November 6 as the euro dropped on the Forex. The ruble decreased against the bi-currency basket to its lowest point two weeks.

The dollar went up in Tomorrow trading on the MICEX by 17.99 kopecks to close at 29.005 rubles/$1 while the euro increased by 13.45 kopecks to finish at 43.0595 rubles/EUR1.

The value of the bi-currency basket went up by 16 kopecks to close at 35.33 rubles. In the morning hours of trading the basket held at around 35.35 rubles.

The dollar's average weighted exchange rate on the MICEX went up by 5.28 kopecks to 28.8628 rubles/$1 in Today deals on Friday and dropped by 7.98 kopecks to 28.9274 rubles in Tomorrow deals. Total dollar trading on the MICEX amounted to $4.256 billion with $943.7 million in Today deals and $3.312 billion in Tomorrow deals.

The euro went up 19.55 kopecks to 43.0388 /EUR1 rubles in Today deals and 12.29 kopecks to 43.0199 rubles/EUR1 in Tomorrow deals. Total euro trading came to 249.1 million euro, of which 66.4 million euro were Today deals and 182.7 million euro were Tomorrow deals.

The overnight MIACR came to 4.68%, down 26 points for the day.