The Euro fell below 77 dollars

The Euro fell below 77 dollars


Moscow. March 10. The ruble pushed the Euro below a mark of 77 rubles for the first time since December 2015, continues to reinforce the growth of the dollar amid continued uptrend in world prices of oil.

The Euro retreated to 76,95 ruble at 14:30 Moscow time, is 1.28 ruble below the previous close. The dollar had dropped to a level of 70.13 ruble, 1.01 ruble to the previous closing mark.

The growth of the ruble continues fourth auction in a row, the dollar retreated for days at 3.04 cents (4.3 per cent), the Euro – ruble 3.24 (4.2 per cent). Both currencies update the minima for the period from the third decade of December 2015.

Experts of “Interfax” noted that the strengthening of the Russian currency intensified, when the price of Brent oil exceeded $40 per barrel. As reported by Bloomberg, on Thursday oil prices weakly decrease after a nearly 5% growth the day before, when they were published is evidence of the growth of demand for gasoline in the United States. May futures for Brent crude on London’s ICE Futures exchange by 14:30 Moscow time has fallen to less than 1% to $40,8 per barrel.