The weighted average euro rate amounted to RUR34.34, down RUR0.29 against the official euro rate for today. Commercial bank dealers link this considerable sag in the euro rate to a significant strengthening of the dollar on world exchanges. Today, the euro costs nearly $1.133, down from yesterday's $1.144.
This rise in the dollar rate has been largely due to upbeat forecasts for the US economic recovery that were posted in a monthly review of the Federal Reserve System. In particular, according to the Federal Reserve experts, US unemployment rate is likely to go down.