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Post: Euro rises above 81 rubles


An electronic scoreboard with a euro sign on a street in Moscow. archive photo

The euro rate on the Moscow Stock Exchange rose above 81 rubles for the first time since April 2022.

MOSCOW, March 10 – RIA Novosti. The euro exchange rate on the Moscow Stock Exchange rose above 81 rubles for the first time since April, against the background of the European currency’s strengthening in forex towards 1.07 dollars after weak data on the US labor market. data trade

At 18.18 Moscow time, “tomorrow” according to settlements, the euro exchange rate increased by 75 kopecks to 81 rubles, the dollar – 21 kopecks to 76.06 rubles, the yuan – 10 kopecks to 10.96 rubles.

In Forex, euro exchange rate growth accelerated (+0.95%, reaching $1,068) after the release of weak February data on the US labor market, which pointed to a weakness in the economy and did not promise any tightening in monetary policy (MP) ) recent high inflation by the US Federal Reserve, which market participants are very afraid of because of it. Tightening monetary policy traditionally supports the exchange rate of the national currency.

Unemployment in the US rose from 3.4% in January to 3.6% in February. Analysts had expected unemployment to remain at its January level.

US banknotes - RIA Novosti, 1920, 03/10/2023

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Source: Ria

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