News of the Bank

Financial news

Bank in MM

• Foreign exchange market review
• Gold and precious metals market review

•14 july

Pound sterling restarted to move slowly upward

International foreign exchange market. Today trading was not so active as it had been at the end of the last week. At the beginning of the day, the US dollar tried to regain positions lost on Friday.

•11 july

At DEPO-market rates on interbank credits keep decreasing before the weekend.

International foreign exchange market. Exchange rates of the main currency pairs fluctuated before the noon within a narrow price corridor. With the opening of European trading session, the US dollar tried to increase a little against the comments by Jean-Claude Trichet, the Head of the ECB, on economic situation in the EU. Trichet stated that inflation in the Eurozone is still at a level which “leaves much to be desired”. Answering a question about further increasing of ECB’s discount rate, Trichet said that he had nothing to add on the topic.