Weekends from currencies // The week started with a sell-off of dollars and yuan
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The tension, in which the Russian currency market was at the weekend, noticeably weakened with the beginning of the week. The exchange rate of the dollar, which rose during the morning session to a fifteen-month high of 87.23 rubles/$, finished a little higher than Friday’s close. The reversal of the exchange rate was facilitated by exporters, who, in anticipation of the payment of basic taxes, began to actively sell the currency, compensating for the high demand for it from banks and individual speculators.
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