Moscow. September 21. INTERFAX.RU US Dollar and the Euro are rising at the opening of trading on the “Moscow stock exchange” on Thursday, the ruble declines against the currency basket, continuing to play a significant growth of the dollar on Forex following the US Federal reserve meeting.
The first transactions in US dollar were in the range 58,21-58,29 rubles/$1, in the first minutes of trading course made up of 58.28 RUB/$1 (+16 cents to the previous closing). The Euro increased to 69.3 rubles/EUR1 (+19.5 cents), the value of the currency basket ($0.55 and EUR0,45) rose by 17.58 kopecks relative to Wednesday’s closing level, to 63.24 of the ruble.
The dollar has been by 15.35 penny above the level of the current official exchange rate of Euro by 46.39 kopecks below the official rate.
According to experts of “Interfax-CEA”, the ruble is falling in early trading Thursday, reflecting the growth of the dollar on world currency markets yesterday after the US Federal reserve meeting, the results of which the regulator has improved the growth of the economy, labor market and inflation. In addition, the fed announced its intention to start reducing the balance in October, and before the end of the year for the third time this year to increase the base rate.
Pair “Euro-dollar” increases in the correction after a strong fall on the eve of the collapse of the Euro on the Forex at the end of the US Federal reserve meeting.
Oil prices are declining after a significant jump on the results of the previous session due to increased tensions between the US and Iran, as well as expectations of new signals from OPEC. The price of November futures for Brent crude on London’s ICE Futures exchange at 10:01 GMT on Thursday fell by 0.36% to us $of 56.09 per barrel. Futures price for WTI crude oil for November in electronic trading on the new York Mercantile exchange (NYMEX) decreased by this time by 0.32% to $50,66 per barrel.
Traders await comments from representatives of oil-producing countries regarding the possibility of further restrictions on oil production. On Friday in Vienna will host a Ministerial meeting of OPEC, which will discuss the implementation of the existing agreement to reduce production.
Meanwhile, the U.S. Department of energy released Wednesday showed that oil stocks in the United States last week jumped to 4.59 million barrels. Gasoline inventories fell by 2.13 million barrels and reserves of distillates fell by 5.69 million barrels.