The Euro exchange rate exceeded 85 rubles for the first time since 2014

The Euro exchange rate exceeded 85 rubles for the first time since 2014

MOSCOW, January 15. The Euro against the ruble on the Moscow stock exchange during the auctions has grown in comparison with level of closing previous trading at 2.46 rubles up to 85.07 rubles, surpassing the mark 85 rbl. for the first time since December 2014

The dollar rose 1.6 77,65 RUB to RUB.

Expert opinion

Author: Konstantin KORISHCHENKO

The ruble has accelerated the decline amid falling oil prices. Thus, the cost of futures for oil of mark Brent with delivery in March 2016 on the stock exchange ICE in London fell by 4.37% to 29,53 dollar. Earlier in the course of trading on January 13, Brent crude oil price fell below us $ 30/bbl for the first time since April 2004

In the current situation to predict the reversal of the downward trend is extremely difficult, says expert “BCS Express” Vasiliy Karpunin. “The whole range from 28 to 31 USD per barrel of Brent is to start a temporary bounce. It is obvious that in conditions like this oversold correctional growth can be very significant, more than 10% from the lowest point. It is worth mentioning that last year the bottom of the downtrend just had at the end of treatment February contract (16 January 2015). No one can rule out that something similar we will see this year”, – the expert believes.

In addition to oil on the ruble puts pressure low activity of exporters on the foreign exchange market. “Russian exporters are not practically active in the foreign exchange market. Taking into account the upcoming in this month tax payments is unclear why they have been inactive – consider that perhaps a further fall of the ruble, or continue to celebrate the holidays,” said a senior strategist at Sberbank CIB Vladimir Pantyushin.