Central Bank Slighty Lowers Major Currency Rates
The euro became cheaper by 0.85 rubles and reached a level of 99.87 rubles, while the yuan dropped by 0.12 rubles to 12.8 rubles. On September 3, 'Vedomosti' reported that the Ministry of Finance would reduce the volume of currency purchases in September.
Consensus
- The Central Bank of Russia set the official exchange rate for the US dollar at 86.89 rubles on September 4.
- The official exchange rate for the euro was set at 100.60 rubles on September 4.
- The official exchange rate for the Chinese yuan remained at 12.92 rubles on September 4.
- The foreign exchange market rate for the dollar was below the official rate at 86.86 rubles on September 4.
- The foreign exchange market rate for the euro was 100.67 rubles on September 4.
- The foreign exchange market rate for the yuan was 12.93 rubles on September 4.
- The Ministry of Finance plans to purchase foreign currency and gold from September 7 to October 6 under the budget rule, with a total volume of 55.6 billion rubles.
- Daily operations under the budget rule will amount to 2.5 billion rubles in equivalent value.
- The Ministry of Finance has been purchasing 6.5 billion rubles worth of currency daily from August 7 to September 4.
Points of divergence
- The interbank exchange rate for the dollar rose above 87 rubles for the first time in a year and a half, reaching 87.32 rubles during trading on Wednesday. — kommersant
- The ruble weakened by 0.38% against the dollar to 87.38 rubles and by 0.39% against the yuan to 12.98 rubles. — kommersant
- The Ministry of Finance is expected to reduce its currency purchases by 90–100 billion rubles in September. — kommersant
- The ruble is expected to return to a range of 80–82 rubles per dollar if purchases are reduced and seasonal demand declines. — kommersant
- The ruble is experiencing a moderate decline due to low foreign currency supply from exporters and increased import activity. — kommersant
- Geopolitical risks and volatile oil prices are influencing the foreign exchange market. — kommersant
Coverage (10 sources)
- Central Bank lowered the official dollar rate to 86.59 rubles — Ведомости
- Central Bank slightly lowered rates on major currencies — Ведомости
- Dollar course. Forecast for September 3-4 — Коммерсантъ
- Official dollar rate approached 87 rubles — Ведомости
- Central Bank slightly increased official rates of three major currencies — Ведомости
- Official dollar rate exceeded 86 rubles — Ведомости
- Central Bank of Russia kept official dollar rate at 85 rubles — Ведомости
- Central Bank kept official dollar rate at 84 rubles — Ведомости
- Central Bank raised the dollar rate by 1.18 rubles — Коммерсантъ
- Central Bank raised official rates of three major currencies — Ведомости