The Euro fell on the ruble on the news about the ECB rate reduction


The dollar on the Moscow exchange for the first time since the end of 2015 fell below 70 rubles. At a minimum, the dollar reached 69,945 rubles, which is 1,196 RUB below the closing level of the previous trading session. So cheaply the dollar did not cost since 24 December 2015.

Continues to decline and the rate of the single European currency. After reports that the European Central Bank (ECB) lowered its benchmark interest rate to zero, the Euro,
descended in the morning to around 77 rubles, fell more on the ruble. At the minimum rate of the Euro amounted to RUB 75,876, which is the lowest value since December 24 2015 for 2,354 rubles. below the closing level yesterday.

The strengthening of the ruble did not prevent the decrease in oil prices. During today’s trading on the stock exchange ICE the price of a barrel of Brent crude oil fell to $40.4 that 1.63 percent below the closing level yesterday.

To 16:00 MSK cost of a barrel of Brent was $40,84, the dollar on the Moscow exchange reached RUB 70,096, the Euro — 76,097 RUB.