Euro for the first time in two weeks exceeded 72 ruble

Moscow. October 28. The ruble fell against the dollar and Euro in early trading on the Moscow exchange on Wednesday, continuing losses of the previous days associated with the fall in world prices of oil.

The first transactions in US dollar were held at ETS in the range 64,89-to 65.0 rubles/$1, on average, two minutes the rate was 64,92 rubles/$1, this is only 2 kopecks above the previous close. The Euro when it was at the level 71,68 rubles/EUR1, adding 5 cents to the previous closing. The bi-currency basket rose by 3 kopecks, reaching 67,96 ruble.

The dollar was at 1.42 ruble above the current official rate of Euro to ruble 1.47 higher than the official rate.

A few minutes after opening, the dollar and the Euro strengthened growth, the dollar reached 65,3 rubles/$1 and highs on 6 October, and the Euro for the first time in 2 weeks has exceeded 72 rubles/EUR1.

The rise of the dollar and the Euro in early trading is a continuation of their growth the day before, when the dollar on the day gained 1.88 per ruble and Euro 1.97 ruble. The market is dominated by wait-and-see mood ahead of the outcome of the fed meeting, the pressure on the ruble due to the fall in oil prices in the preceding period.

Oil prices were steady on Wednesday after falling in the previous three sessions, Bloomberg reports. The cost of December futures for Brent crude on London’s ICE Futures exchange at 10:10 MSK is $46,8 per barrel, which roughly corresponds to level of closing of previous trading day.