Dollar jumps on frozen YUKOS shares

The weighted average dollar rate jumped RUR0.12 at the opening of today's special trading session against the official dollar rate for October 31 and reached RUR29.98. Currency experts stressed that the high on dollars reached RUR30.05. They unanimously link this noticeable strengthening of the dollar to frozen YUKOS shares. Analysts noted that the ruble had begun retreating after the related information yesterday evening and surpassed the RUR30 level. Another factor was the dismissal of Alexander Voloshin, the head of the president's administration, along with other reshuffles in the Kremlin. However, the volume of dollar purchases remains rather low, which, together with ruble support by the Central Bank, rules out a rapid rise in the dollar.

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