The dollar exceeded 68 rubles

The dollar exceeded 68 rubles


Moscow. December 3. Dollar for the first time since 14 September exceeded 68 rubles on “Moscow exchange”, following the Euro, updating the long-term high amid heightened market volatility post-ECB.

The US dollar has risen in 17:52 to 68,01 ruble (+51 kopeks). The Euro thus reached 73,51 rubles (+1,9 rbl.).

The increase in exchange rates contributed to the increase in volatility that emerged after the ECB meeting. At its December meeting, the ECB reduced its Deposit rate from minus 0.2% to minus 0.3%. Within an hour after the session the single currency soared to a 3.5 “figures” approaching $1,09. Then, the Euro was adjusted lower, in the neighborhood of $1,08, which caused a rise in the dollar on the ETS, experts say.

The ruble remains under pressure due to the downward trend in oil. On the eve of Brent oil fell by 4.4% to us $42,49 per barrel and reached the lowest level since August. On Thursday, the price is slightly played up, in the neighborhood of $43-43,5 per barrel. The data of Bloomberg Agency say that from the beginning, the oil has already slumped by 25%. Market participants expect the meeting of the Organization of countries-exporters of oil (OPEC) held in Vienna on 4 December.