Euro exceeds 100 rubles in over-the-counter trading
The euro surpassed 100 rubles on over-the-counter markets for the first time since mid-March, while the Chinese yuan reached a 1.5-year high against the ruble, driven by reduced export currency sales and increased demand from the public and corporate sectors.
Consensus
- The euro reached 100 rubles on over-the-counter trading for the first time since mid-March.
- The Chinese yuan strengthened against the ruble, reaching a 1.5-year high.
- The yuan has appreciated by about 20% against the ruble since the start of summer.
- There is increased demand for foreign currency from the population and corporate sector.
- Exporters are reducing sales of foreign currency earnings.
- The practice of arbitrage based on interest rate differences is being scaled back.
Points of divergence
- The euro rose above 101 rubles on exchange trading, and the ruble weakened against the dollar (above 87 rubles) and the Chinese yuan (13 rubles). — riamo
Coverage (3 sources)
- Euro course soared above 101 rubles — РИАМО
- Euro rate on OTC trades reached 100 rubles for the first time since mid-March, while the Chinese yuan in Russia set a new high... — Вёрстка
- Euro rate on OTC trades reached 100 rubles for the first time since mid-March, while the Chinese yuan in Russia set a new high... — Радио Свобода