Euro edges up on Russian currency market

The weighted average euro rate amounted to RUR34.21 at today's special session, up RUR0.2 against the official euro rate for August 4. Commercial bank dealers link this strengthening of the euro on the Russian currency market to a rise in the European currency against the dollar on international exchanges. Now, the euro costs about $1.126 to $1.127, up from Friday's $1.12.

According to experts, the advance in the euro against the ruble may also be a correction after the euro's falling run over the past three weekdays. As reported earlier, from July 30 through August 1, the ruble strengthened by over RUR0.8 against the euro.