Moscow. September 10. INTERFAX.RU – the Euro in the course of trading on the “Moscow stock exchange” on Monday exceeded 81 rubles/EUR1 for the first time since March 1, 2016 amid continuing flight of investors from the Russian assets under pressure of the risk of sanctions and low interest in all assets of the emerging markets.
The Euro was 81,07 rubles/EUR1 at 13:01 GMT, which is 27 cents higher than the previous auction closing. The US dollar to this point was worth 70,0525 rubles/$1, having appreciated by 14 cents. The bi-currency basket ($0.55 and EUR0,45) rose 20 cents to 75.01 of the ruble.
According to experts of “Interfax-CEA”, the ruble declines against the dollar and the Euro during trading on Monday, amid persisting fears of ads in the near future new anti-Russian sanctions by the US and the ongoing sales at the sites of emerging markets, among which the most currency sharply depreciates the Turkish Lira by more than 1% in all major currency pairs, including 1.2% to the dollar.
In addition, a negative on all of the assets of the emerging economies affected by fears of a possible escalation of tensions in relations between China and the United States. The President of the United States, Donald trump told reporters on Friday that he is ready to impose duties on additional imports of Chinese goods in the amount of $267 billion a year. He added that American authorities are getting ready for the introduction of previously announced duties on products from China for another $200 billion Thus, taking into account measures already taken almost all of the supplies from China, may be under new rates.
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