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The ruble has fallen against the dollar and euro at the start of the session on Thursday

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The ruble has fallen against the dollar and euro at the start of the session on Thursday

The ruble has fallen against the dollar and euro at the start of the session on Thursday
October 13
14:00 2016

At the Moscow stock exchange the dollar and euro have jumped over the first minutes of the trading session on Thursday. The ruble has fallen against the background of falling oil prices.

The first transaction on the dollar has been carried out within 63,2-63,3 rubles. The rate has become equal to 63.24 rubles for the first a minute and a half. At the start of the session the euro has grown to 69.67 rubles. The currency basket has increased by 26 kopecks and became equal to 66.135 rubles.

At the same time the US dollar has become 65 kopecks higher than the current official exchange rate. The euro is 45 kopecks above the current official exchange rate.

According to analysts at “Interfax-CEA”, the downward correction of global oil prices has triggered the growth of the US dollar and the euro. On Thursday morning the oil prices are falling. On the London Stock Exchange futures contracts for Brent crude oil for December have fallen by 0.5 %, amounting to $ 51.55 per barrel. Market participants are waiting for the news on the results of meetings of the OPEC countries, dedicated to the issue of the production reduction. The market has begun its retreatment after the release of the information on the US fuel inventories as well as the cartel’s data on the production volume in September. These data showed the growth of the production of raw materials by the OPEC countries to the high for almost 8 years.

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