` Ruble Rises Against US Dollar and Euro on ` Moscow Stock Exchange '

#AceFinanceNews – MOSCOW – May 08 – INTERFAX.RU – Ruble against the dollar and the euro on the Moscow Stock Exchange on Wednesday rose amid allegations of the situation in Ukraine, made by Russian President Vladimir Putin after talks with his Swiss counterpart Didier Burkhalter, now presiding in the OSCE.

The euro exchange rate during Putin’s speech fell 39 cents to $ 48.96 rubles. Simultaneously, the dollar fell to 35.135 rubles, losing 27.5 kopecks to the previous close. Currency basket ($ 0.55 and € 0,45) decreased by 33 cent, amounting to 41.36 rubles.

Subsequently developed ruble success, pushing the dollar to 34.99 rubles. Thus, the first dollar for the first time in April fell below 35 rubles. Euro to 17:53 Moscow time dropped to 48.77 rubles and currency basket fell to 41.19 rubles.

At the same time the dollar and the currency basket updated lows in nearly a month. In addition, for the first time since early April cart was at the levels at which the central bank can not intervene to support the ruble.

The Russian stock market after Putin’s announcement also accelerated the rise. By 17:48 Moscow time the MICEX index rose to 1365.84 points (+3.6%), RTS – to 1226.88 points (+4.6%), while the ruble prices of most “chips” on the Moscow Stock Exchange rose within 10%.

Experts attribute the ruble and stock market growth to the fact that Putin’s statement after his meeting with Burkhalter gave hope for a speedy resolution of the conflict between Kiev and supporters of the federalization of Ukraine, whose performances will continue in the south-east of the country.

Ace Related News:
1. May 07 – Interfax – http://tinyurl.com/pspcxjl

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` Grain Prices Rise due to the Instability in the Ukraine and Unfavourable Weather Conditions in the US ‘

#AceFinanceNews – MOSCOW – March 24 – World grain prices continue to rise because of unfavourable weather conditions in the United States, as well as due to the importers’ apprehension over the possible drop in grain shipping from Black Sea ports in connection with the in-stable situation in Ukraine, Russia’s Agriculture Ministry said in a monitoring report on the situation on the agro-industrial markets.

Over the third week of March, soft wheat average prices in the United States rose by 5% to 300 US dollars per tonne.

The previous week, the prices had already gone up by 10 dollars (3.6%) to 286 dollars per tonne.

Meanwhile, the Russian grain export in 2013-2014 agricultural year (since the beginning of July 2013) reached 19.7 million tonnes, increasing by 41% compared with the previous similar period.

Russian Commodity News

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