Moscow. June 30. INTERFAX.RU – the U.S. Dollar falls, the Euro is slightly increased at the opening of trading on the Moscow stock exchange on Friday; the ruble slightly strengthened against the currency basket on the background of a slight increase in oil prices.
The first transactions in US dollar were in the range 59,36-59,46 rubles/$1, at the end of the first minute of trading, the exchange rate was 59.4 RUB/$1 (-2,5 penny to the previous closing). Euro climbs to 67,96 rubles/EUR1 (+0.5 cents), the value of the currency basket fell by only 1.2 pennies compared to the closing level on Thursday, to 63,25 rubles.
The dollar has been on 31,45 penny above the level of the current official exchange rate of the Euro – 45,82 kopecks above the official rate.
According to experts of “Interfax-CEA”, the ruble rises slightly against the currency basket at the opening of trading on Friday amid a slight increase in oil prices. Bidders tend not to open positions on the ruble on the last day of the month and the quarter, preferring to wait for new signals, including the energy market that may affect its future dynamics.
Oil is only slightly more expensive in the Asian session on Friday and closed trading yesterday at the highest level in two weeks. This is the seventh consecutive session, when oil prices are rising. Price of the September futures for Brent crude on London’s ICE Futures exchange at 10:01 Moscow time has risen on 0,36% – to $47,8 per barrel. Crude oil with August delivery in electronic trading on the new York Mercantile exchange (NYMEX) rose by 0.4% to us $by 45.11 per barrel.
Earlier this week, investors cheered the news on the reduction of oil production in USA by 100 thousand barrels per day over the past week. However, experts say that soon the production will return to growth, because the decline was associated among other things with the impact of tropical storm “Cindy”.