Multiplex Index: Russia Strikes Back
Sung Moss
06/16/09 - 03:17 PM EDT
A Russian giveth and another Russian taketh away.
As a result, you may want to hold off on any continental trips to see
Up, since the dollar lost ground against
every currency we're tracking today. In fact, just go to a theater around the corner.
Over the weekend, the Russian Finance Minister sent the dollar surging after he essentially
gave the greenback a pat on the back while the world was watching.
But today, Russian President Dmitry Medvedev muddied the message coming from Moscow, reiterating his want to see an alternative currency reserve and sending investors flocking away from the buck.
"No currency system can be successful if we have financial instruments denominated in just one currency," Medvedev said at a regional summit on Tuesday, according to
The Associated Press.
Medvedev's economic adviser piled on by saying that Russia might just move its currency reserves into bonds from Brazil, China or India.
With words like "supranational currency" buzzing about, here's how those ticket prices broke down today...
* Above are typical going rates for movie tickets in different countries, converted from the euro in Spain, Japanese yen, British pound and Singapore dollar to U.S. dollars. Every 24 hours, we'll show daily percentage changes on currency rate movements, with our favorite (or least favorite, as the case may be) summer blockbusters as our guide. Percentage change is calculate from the previous day's ticket price. |
|
