The ruble rose against the dollar and Euro after falling the day before


Moscow. April 27. The U.S. dollar and the Euro are falling at the opening of trading on the Moscow exchange on Thursday morning; the ruble is rising against the currency basket, despite falling oil.

The first transactions in U.S. dollar were held on the Moscow exchange in the range 56,88-57,04 rubles/$1, at the end of the first minute of trading, the exchange rate was at 56.99 RUB/$1 (-17,5 penny to the previous closing). The Euro fell to 62.2 rubles/EUR1 (-14,3 pennies), the value of the currency basket was down 16 cents against Wednesday’s closing level, before 59.33 ruble.

The dollar has been by 67.2 kopecks above the level of the current official exchange rate, Euro to 68.9 per penny higher than the official rate.

According to experts of “Interfax-CEA”, the ruble rises against the dollar and the Euro in the correction after strong gains yesterday. The cost of June futures for Brent crude on the London ICE Futures exchange to 10:00 Moscow time has fallen on 0,48% – to $52,16 per barrel. Futures for WTI crude oil for June on the electronic trading on the new York Mercantile exchange (NYMEX) decreased by this time by 0.56% to $49,34 per barrel.

As said before, the U.S. Department of energy, the oil reserves in the country at the end of last week declined by 3.64 million barrels, the decline recorded for the third consecutive week. Experts expected reduction of stocks of 1.75 million barrels. However, oil production in the U.S. last week increased by 13 thousand barrels per day, to 9.27 million b/d.

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