The dollar fell below 69 rubles

The dollar fell below 69 rubles

MOSCOW, December 9. The dollar fell 57 cents to 68,83 of the ruble, the Euro by 9 kopecks to the ruble 75,64.

SPECIAL project

The ruble is falling and growth
About what will happen to the ruble, according to experts – special project

The ruble strengthened following a recovery in oil prices. Thus, the cost of Brent crude oil rose 1.9% to 41,02 dollars per barrel.

“Yesterday’s attempt to close below $ 40 per barrel for Brent oil while not successful. So buyers may soon try to slightly adjust upwards the prices for oil. However, fundamental factors for this is a little bit” – said the expert of “BCS Express” Ivan Kopeikin.

In particular, the negative factor continues to be the weakness of the Chinese economy and the high likelihood of an early rate hike, he said. Thus, the volume of Chinese exports in us dollars fell in November by 6.8% compared with November 2014 (5th month of decline in a row), imports decreased by 8.7%. The analysts on average had expected a reduction of exports by 5%, imports – by 12.6%.

“Meanwhile, some pressure on the Russian currency is likely to continue to provide large payments on external borrowings of national companies in December (these payments amount to almost 25 billion dollars),” – said Kopeikin.