The exchange rate of the dollar for the first time since the beginning of August reached RUB 66


The dollar on the Moscow stock exchange at 11:30 a.m. on the morning of Friday, November 11, reached 66 rubles, follows from the data exchange.

The last time at this level, the American currency was traded on August 4, 2016. Later, the dollar fell. As of 11:55 Moscow time it cost 65,9875 RUB.

The Euro on Friday morning also grew. At maximum, the Euro was trading at RUB 71,855

The weakening of the ruble continues for the second day in a row, a sudden movement on the exchange began the next day after the message about the victory of Donald trump in the presidential election in the United States. If Wednesday, November 9, when it became known the preliminary results of voting, bidding closed at 63,89 rubles per dollar, which was 18 cents below the opening price of the day, then the next day the Russian currency fell by 1.58 RUB, closing at RUB 65,47

The FTSE was trading at the lower end of the range, as of 12:00 GMT on the stock exchange in London, a barrel of Brent cost $45,60.

“Despite the significant losses of the ruble, it still looks overvalued relative to oil prices. At the same time, if oil-producing countries will be able to develop a consensus on the measures, oil prices will get support and will transfer it to the commodity currencies. The ruble also has an internal support factor — the tax period of November, which kicks off next week”, — said Deputy head of analytical Department of Bank “Zenith” Vladimir Evstifeev.

According to Minister of economic development Alexei Ulyukayev, in the near future the volatility of the exchange rate will be high “because the market responds to political news, speculation and rumors,” however, the underlying trend of the Russian currency to strengthen. The Bank of Russia of the serious risks for the financial sector in connection with the results of the elections in the US are not waiting, said earlier the first Deputy Chairman of the Central Bank Ksenia Yudaeva.

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