The Euro on the Moscow exchange on Wednesday for the first time in nearly a year and a half fell below 63 rubles For the low value of the Euro reached 62,9625 RUB, 0,74% below the closing level of the previous trading session. In recent times cheaper RUB 63 EUR on the Moscow exchange was worth on 23 July 2015, when the rate fell to RUB 62,651
The dollar Wednesday fell to 60,525 RUB, 0.24% below level of closing of the trades on December 27.
Strengthening of ruble happens against the background of weak growth in world oil prices. In the course of trading on the stock exchange ICE futures price for Brent oil for delivery in February 2017 ranges above $56.
“Support for the Russian currency have grown in the price of oil. Until the end of the year remains two trading sessions, but no major changes of the Russian currency is not expected. But it is obvious that the achievements of this year can be considered successful. Expected trading range for today is 60.4-60.8 per RUB./$.”, – said the head of financial markets, the Ural Bank for reconstruction and development Vladimir Zotov.
According to ING chief economist Dmitry Polevoi, public holidays, the ruble may be somewhat reduced.
“Strengthening the negative news background on these issues on the background of low liquidity of currency market during the holidays (3, 4, 5 and 6 January) may well lead to a slight weakening of the ruble, but the final outcome will be determined in the first “normal” trading days after long holidays with the return of local players, says Field.
By 15:45 Moscow time the price of a barrel of Brent crude on the ICE futures exchange was $56,32, the dollar on the Moscow stock exchange reached 60,58 Euro – 62,99 RUB.