Moscow. October 29. The dollar fell slightly, the Euro rose slightly in early trading Thursday on the Moscow exchange, the ruble strengthened slightly, supported by the recovery in world prices for oil the day before.
Bidding on the dollar began to ETS in Thursday trades in the range 63,78-64,09 rubles, on average, two minutes the rate was 63,86 rubles, which is by 9 cents below the previous close. The Euro was 69,87 RUB, adding 5 cents to the previous closing. The bi-currency basket decreased by 3 cents, to 66,565 ruble.
The dollar was at 1.46 ruble below the current official rate of Euro to ruble 2.28 below the official rate.
Experts believe that a small rise in the ruble at the opening caused by the upward movement of world prices for oil the day before. Thus the reaction of the ruble on the results of the meeting of the U.S. Federal reserve was reflected by the market the night before.
The fed as expected kept the key interest rate unchanged at the October meeting which ended on Wednesday. While the Central Bank signaled a possible increase in rates “at the next meeting”, in December of the current year.
Oil prices fall weakly on Thursday morning after a record-breaking eight weeks of growth before. December futures for Brent crude on London’s ICE Futures exchange lose within 0.5%, holding close to $48,8 per barrel. By the close of market on Wednesday, the futures price jumped $2.24 (4,79%) to $49,05 per barrel.