euro

Moscow's bid to ditch dollar picks up

Moscow’s multi-year push to reduce Russia’s exposure to the dollar hit a major milestone as the share of exports sold in the U.S. currency fell below 50% for the first time, Bloomberg writes. Most of the slump in dollar use came from Russia’s trade with China, more than three-quarters of which is now conducted in euros, according to central bank data published late Monday. The common currency’s share in total exports jumped more than 10 percentage points to 36%, the data for the fourth quarter show

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Euro drops below 88 rubles first time in six month

The euro fell by 0.51% to 87.985 rubles on the Moscow Exchange on Tuesday. The last time the euro was below 88 rubles on September 2, 2020. By 14:01 Moscow time, the euro was trading at 87.95 (-0.56%). At the same time, the …

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EU launches new offensive against US dollar supremacy

On the eve of Joe Biden’s inauguration as US president, the European Commission will launch a new offensive to promote the use of the EU’s single currency on a global level, aiming to address the vulnerabilities of financial …

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Euro reaches 94 rubles for first time since 2014

The  euro exchange rate rose by 1.51% to 94.02 rubles on the Moscow Exchange early on Monday. By 10:30 Moscow time, the dollar exchange rate was at 80.4925 rubles (+1.21%), the euro grew to 93.68 rubles (+1.14%). The last time …

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Euro exchange rate hits 90 rubles

The euro exchange rate exceeded 90 rubles for the first time since February of 2016, according to the trading data on the Moscow Exchange. At 13:02 (Moscow time), the rate of the European currency rose by 78 kopecks, reaching 90.1 …

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China and Russia to create financial alliance?

Russia and China have reduced the use of the dollar in bilateral transactions by almost half, and in the future, this may result in the creation of a "financial alliance",   Japanese Nikkei Asian Review reports. According …

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Dollar drops below 70 rubles

The dollar exchange rate declined below 70 rubles for the first time since March 6 during the today's trading on the Moscow stock exchange. As of 11:59 Moscow time, the dollar lost 0.50 rubles and was worth 69.64 rubles, while …

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Russia's foreign debt shrinks as rouble weakens

Russia’s total external debt shrank in the first quarter to its lowest level since 2009, the central bank said, posing few extra risks for the already battered rouble and helping Russia withstand coronavirus-related shocks. …

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Dollar exchange rate exceeds 80 rubles

The Russian ruble weakened against the dollar this morning, trading more than 80 per dollar, according to data from the Moscow Exchange. The Russian currency stood at 80.85 against the U.S. dollar, a 2.6% increase, as of 10:00 …

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Dollar exchange rate exceeds 79 rubles

The Russian ruble weakened against the dollar this morning, trading more than 79 per dollar, according to data from the Moscow Exchange. The dollar exchange rate has exceeded the 79 ruble mark for the first time since February …

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Dollar rises above 75 rubles

The dollar rose by 3% during the trading session on the Moscow Exchange today to 75.16 rubles, according to trading data. The dollar rate was at the level of 75 rubles last time on February 29, 2016. The euro added …

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Dollar exchange rate exceeds 72 rubles on Moscow Exchange

The dollar exchange rate gained 6.4% since its previous closure on the Moscow Exchange as Tuesday trading opened to 72.99 rubles, exceeding the 72 rubles mark for the first time since March 2016, according to the trading data as of 10:00 am …

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Dollar-to-ruble rate grows to 72.5 rubles on Forex

The dollar-to-ruble rate on the international Forex market rose on Monday since the previous closure by 3.93 rubles and amounted to 72.5 rubles, according to the trading data. The euro-to-ruble at Forex increased compared to the closing …

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Euro drops below 68 rubles

The euro exchange rate declined below 68 rubles during the yesterday's trading on the Moscow stock exchange. The euro lost 1.23 rubles and was worth 67.925 rubles, while the dollar lost 0.70 rubles and was worth 61.11 rubles on the …

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Russians buying up dollars and euros before New Year

Russians are actively buying up dollars and euros before the New Year holidays, according to the Bank Russky Standart's report. "The end of 2019 is characterized by a slight plunge in dollar and rouble appreciation. The …

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