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Russia FinMin Kudrin: Current rouble exchange rate is justified

  • Given current oil prices, rouble trend will be rouble appreciation

Meanwhile Russia Central Bank moves rouble floating trading band second time to 34.10 vs basket after buying another $700 mln.

By Gerry Davies  || March 17, 2010 at 09:14 GMT
Category: All, Central Banks, Commodities, Europe, Mkt News, Regions || Tags: || 0 comments || Add comment
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Russia CBank moves rouble floating trading band to 34.15 vs basket after buying $700 mln- Dealers

Another day, another $700 mln.

By Gerry Davies  || March 17, 2010 at 07:11 GMT
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Russia CBank moves floating rouble band boundary to 34.25 vs basket from 34.30

After buying around $700 mln.

By Gerry Davies  || March 12, 2010 at 07:43 GMT
Category: All, Central Banks, Europe, Mkt News, Mkt Talk, Regions || Tags: || 0 comments || Add comment
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Russian CBank shifts floating rouble band boundary to 34.30 vs basket from 34.35

After buying $700 mln.

By Gerry Davies  || March 11, 2010 at 08:06 GMT
Category: All, Central Banks, Europe, Mkt News, Mkt Talk, Regions || Tags: || 0 comments || Add comment
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Russia CBank shifts floating rouble boundary to 34.45 vs basket

After buying at least $700 mln according to dealers.  Some of those dollars will no doubt turn into euros. 

EUR/USD has extended rally back to 1.3610 at writing.

By Gerry Davies  || March 10, 2010 at 11:48 GMT
Category: All, Central Banks, Economy, Europe, Mkt News, Mkt Talk, Regions || Tags: , || 0 comments || Add comment
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EUR/USD recovers after early dip; sovereign buying seen

EUR/USD back up at 1.3622 having dipped to session low 1.3597 earlier. Russia and BIS have both been seen buying.  Sell orders tipped up at 1.3640/50.

By Gerry Davies  || March 9, 2010 at 08:36 GMT
Category: All, Asia, Central Banks, Mkt Talk, Regions, orders || Tags: , , || 0 comments || Add comment
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Russian CBank shifts lower bondary of rouble band to 34.55 vs basket

After buying $700 mln, traders report.

By Gerry Davies  || March 9, 2010 at 07:42 GMT
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EUR/USD ticks higher

Reports of various sovereigns buying EUR/USD, including Russia and Asian central bank.  We’ve ticked up to 1.3485.

By Gerry Davies  || February 25, 2010 at 08:08 GMT
Category: All, Central Banks, Europe, Mkt Talk, Regions || Tags: , || 6 comments || Add comment
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Russia cuts rates

Russian central bank has cut benchmark refi rate to 8.5% from 8.75%

Bank wants to stimulate lending and try to limit short-term foreign capital inflows.

Next rates meeting in March. Further rate cuts to depend on inflation, economy, financial market.

By Gerry Davies  || February 19, 2010 at 08:35 GMT
Category: All, Budget/Politics, Central Banks, Economy, Europe, Geopolitics, Regions || Tags: , || 0 comments || Add comment
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Russia can add Canadian dollar to reserves in several months -CBank’s Ulyukayev

Russia could add the Canadian dollar to reserves in the next few months,  but its share will be insignificant according to Russian central bank deputy chairman Alexei Ulyukayev.

By Gerry Davies  || December 1, 2009 at 09:29 GMT
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