cbr quarterly_review, 2007-09-30
The ruble’s appreciation against the dollar slowed due to the increased volatility of the dollar/euro rate on the international market, caused by instability of the financial market as a whole and the contradictory macroeconomic factors that affected the exchange rate (on the one hand, there was a contraction in the US budget and trade deficit, but on the other hand, the prevailing sentiment about the short-term outlook for the US economy was pessimism).
Sentiment: neutral
Topic: mp_exchange_rate