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The ruble “sinks” in the Kerch Strait

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The ruble “sinks” in the Kerch Strait
November 28
09:00 2018

The conflict in the Kerch Strait has had a negative impact on the value of the ruble, which began to fall relative to the single European currency and the US dollar. The dollar is worth $ 66.9, and the euro is $ 76.1. The value of the dual currency basket has risen to $ 71.

The Russian ruble opened the trade with a gap down and began to fall against major currencies. Now the market is waiting for an emergency meeting of members of the UN Security Council regarding the events in the Azov and Black Seas. The meeting was convened at the request of both the Russian and the Ukrainian sides.

Let’s remind the current situation. On Sunday, the global community got the news that three ships of the Ukrainian fleet had crossed the border of the Russian Federation. They were detained with weapons. A criminal case has already been initiated in Russia.

Not surprisingly, the incident has affected the price of “black gold”. Brent has fallen below $ 60 per barrel, while WTI has dropped below $ 51 per barrel. The January contracts of Brent are being currently traded at the price of $ 59.97; WTI – 59.98 US dollars.

 

The material was prepared with the participation of Katya Gordon,
a leading analyst of the brokerage company CT Trade

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