The dollar fell below 80 rubles, Euro – below 87 rubles

The dollar fell below 80 rubles, Euro – below 87 rubles

MOSCOW, January 22. The ruble on Friday began trading on the Moscow exchange, with a sharp rise. The dollar fell by 2.82 ruble relative to the closing level yesterday to mark 79,81 of the ruble and the Euro fell on 3,52% 86,47 ruble.

To yesterday’s highs, the dollar has fallen by 6.18 ruble and Euro – ruble at 7.23 percent.

SPECIAL project

The ruble is falling and growth
About what will happen to the ruble, according to experts – special project

The growth of the ruble against the background of a sharp rebound in oil prices up. So, on Friday, the price of futures for oil of mark Brent with delivery in March 2016 on the ICE stock exchange in London rose 5.3% to $30,5 for barrel. In addition, prior to the opening of trading on the Moscow exchange Brent crude oil price has exceeded $31 per barrel.

On Friday, the dollar against the ruble on the Moscow stock exchange has risen in comparison with level of closing of previous trading day by 4.59 rubles and amounted to 85,99 ruble. This is on of the ruble to 5.89 above the maximum set on 16 December 2014.

More expensive the dollar was worth only to the denomination of the ruble in 1998. At the exchange rate of the CBR on 30 December 1997 the dollar was worth 5 thousand 960 rubles. the Euro jumped today on 5,06% level 93.7 per ruble.

“Expectations of stimulus measures by the ECB has become a factor of some recovery in world markets, including oil futures, Brent was again close to the psychologically important level of 30 dollars per barrel”, – explains the dynamics of the market, leading analyst of investment group “OLMA” Anton Startsev.

Expert opinion

Author: Konstantin KORISHCHENKO

On the eve of the Euro has accelerated the decline against foreign currencies after the statements of the ECB head Mario Draghi that the European Central Bank may revise its policy in March. According to him, due to the growth risks that hinder the recovery of the Eurozone economy, the ECB may re-evaluate and revise the scale of economic stimulus in the Eurozone.

Change of course cannot be considered a collapse

On Thursday President’s press Secretary Dmitry Peskov stated that the Kremlin believes that the current change rate of the ruble cannot be considered a collapse. Moreover, in the presidential Administration believe that the Central Bank has scripts that will allow you to avoid such development of events.

I haven’t used the word “meltdown”; the course (of the ruble) is indeed changing the course volatile, but it’s far from a collapse

Dmitry Peskov

In turn, the head of VTB Andrey Kostin believes that the ruble will hardly ever get back to the value of 60 rubles per dollar.

See also

About the ruble, the price of oil and the “pluses” of devaluation. Quote officials and experts