The ruble rate to dollar decreased significantly with insider trading

Moscow. November 23. At the opening of trading on the Moscow exchange on Monday, the dollar rose against the ruble, the Euro hardly changed against the background of falling Euro on the Forex market. Pressure on the ruble has reduced petrol prices.

Bidding on the dollar began to ETS transactions within the range 65,15-65,49 rubles., on average over fifteen minutes the rate was 65,34 rubles (+59 kopecks to the previous closing mark). The Euro was 69,37 rubles (-0,5 kopeks). The bi-currency basket amounted to $ 67,155 ruble (+32 kopecks).

The dollar was at 47 kopecks. above the current official rate, the Euro – by 2 kopecks below the official rate. On Friday following the results of day the dollar rose on the ETS by 13 copeck, the Euro gained 2.5 kopecks.

Experts attribute the retreat of the ruble and the noticeable rise in the dollar with the fall in world prices of oil and the retreat of the single currency on the Forex market.

Oil prices decline on Monday amid stronger dollar, as well as negative forecasts for the Venezuelan oil market, reports Bloomberg. The cost of the January futures for Brent crude on London’s ICE Futures exchange to 8:40 Moscow time fell by $0,66 (1.48 per cent) to $44 per barrel. By the close of market on Friday, the futures price increased by $0,48 (1,09%) – to 44.66 per barrel.

Euro fell Monday against the U.S. dollar and most of the other 10 major currencies in anticipation of further easing of monetary policy by the European Central Bank (ECB).

The ECB President Mario Draghi, speaking in Frankfurt on Friday, reiterated the readiness of the Central Bank to take all necessary measures for the speedy increase in inflation in the Eurozone to the target level of 2%. The next ECB meeting will take place on 3 December.

The Euro to US dollar during trading to $1,0618 compared to $1,0646 at market close on Friday. During the session, the Euro fell to $1,0601 – the lowest level since April 15.