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The ruble has fallen on Friday against the dollar and euro

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The ruble has fallen on Friday against the dollar and euro

The ruble has fallen on Friday against the dollar and euro
September 16
10:30 2016

On the Moscow Stocks Exchange the Russian currency has dropped insignificantly against the US dollar and euro at the start of the trading session on Friday. The euro has slightly fallen against the dollar on the early trading on Friday, following the “black gold”, which is falling in price. The market expects the outcome of the meeting of the Central Bank of Russia.

The first transactions on the dollar were held within 64,84-64,94 rub ./$ 1 on Friday. The exchange rate was equal to 64.91 rub. /$ 1 for the first fifteen minutes of the trading. The euro exchange rate was 72.93 rub. / EUR1 at the time of the session opening. The currency basket has increased by about 10 kopecks and became equal to 68.52 rubles.

Herewith, the US dollar has become 31 kopecks below the current official exchange rate; the euro – 28 kopecks below the official rate.

The ruble is following the oil. “Interfax” experts believe that the negative dynamics of the ruble against the euro and dollar can be explained by a gentle decline of oil prices in the world market.

Oil prices are falling on Friday morning as the market is tensely waiting for the growth of the raw material supply from the United States, Libya and Nigeria, which can significantly increase the oversupply in the oil market. To the beginning of the day the price of contracts for Brent crude oil has fallen by almost 1%, amounting to $ 46.1 per barrel on the London Stock Exchange.

In addition, market participants are waiting for the meeting outcome of the Board of the Bank of Russia, where it has been planned to discuss the key rate. The press release will be published in the middle of the day. A press conference will be held after the meeting of the Central Bank and the report of the regulator regarding the monetary policy will be published, too.

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