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On Thursday the ruble is slightly growing against the dollar and euro

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On Thursday the ruble is slightly growing against the dollar and euro

On Thursday the ruble is slightly growing against the dollar and euro
October 27
12:30 2016

On the Moscow Stock Exchange the ruble is slightly growing against the dollar and euro for the first few minutes of the trading session on Thursday, moving in the footsteps of world oil prices, which show a slight correction upwards.

The first deals on the dollar were held within 62,79-62,99 rubles. On the average, the rate became equal to 62.9 rubles in the first a minute and a half. The euro is being traded at about 68.57 rubles. The currency basket has declined by 3 kopecks, amounting to 65.45 rubles.

At the same time the dollar and euro have become 64 kopecks above the level of their current official rates.

According to analysts at “Interfax-CEA” a slight increase in the ruble against the dollar and the euro can be explained by the suspension of the recession and a slight increase in oil prices. On Thursday Brent has fixed at around $ 50 after differently oriented vibrations. Earlier, prices have soared because of the information about the sharp decline in the US stocks of raw materials, and then they were falling due to the fact that the market remained doubts that producing countries would restore the balance of supply and demand.

To the beginning of the day futures contracts for Brent crude oil for December increased by 7 cents, reaching $ 50.05 per barrel on the London Stock Exchange.

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1 Comment

  1. Тimothy21
    Тimothy21 October 29, 16:43

    Obviously, the rising oil price, particularly of Brent, has become a key driver of the ruble strengthening today. Is this trend long-term? How will the ruble behave in November?

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