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On Friday the euro reached an annual minimum

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On Friday the euro reached an annual minimum

On Friday the euro reached an annual minimum
July 15
09:00 2016

The growth of the ruble has been strengthening. For the first time this year the Russian national currency has made the euro go down to 70 rubles on the Moscow Stock Exchange. And after that it lowered the US dollar to 63 rubles, updating the minimum indexes for more than six months due to the high demand for rubles.

At the end of the day the euro fell to 70.0 rubles. It has updated the minimum since 30 November of the last year. The euro decreased by 77 kopecks in comparison with the previous closing. A few minutes later the dollar dropped to 63 rubles being decreased by 85 kopecks and it also updated the lowest index since November 2015, i.e. for more than six months. The need of market participants in rubles for dividend payments to companies and banks replenish of the reserve funds favors the increase of the ruble. The growth of oil quotes is very limited. It can be a restraining factor for the further strengthening of the Russian currency, consider the analysts of the Interfax-CEA. But the ruble could be supported by a political positive, the probability of which exists in connection with the visit of the US Secretary of State John Kerry to Russia and his meeting with Russian President Vladimir Putin and the Head of the Ministry of Foreign Affairs Sergey Lavrov, note the experts.

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