The dollar exceeded 79 rubles., the price of a barrel of Brent fell below $31

The dollar exceeded 79 rubles., the price of a barrel of Brent fell below $31

MOSCOW, January 25. The dollar against the ruble on the Moscow stock exchange increased in comparison with level of closing previous trading at 1.12 rubles and amounted 79,14 ruble, surpassing the mark of 79 rubles.

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The Euro has risen by 1.55 ruble to ruble 85,79.

Earlier this morning the dollar fell 1.63% 76,39 of the ruble, while the Euro fell to 2.02 82,22 ruble to ruble.

The ruble began to fall after oil, which lost half of Friday’s growth.

The cost of futures for oil of mark Brent with delivery in March 2016 on the stock exchange ICE in London fell on Monday by 4.2% to 30.8 per barrel.

In the course of trading on January 22, the price of Brent crude climbed above the $ 32 dollars/Barr.

Volatility will remain

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Increased volatility in the Russian currency market may persist this week, given the large number of important events: in the U.S. on Wednesday, the meeting will be held by the fed, and in the Russian Federation meeting on the Central Bank rate will be held on Friday, the chief economist for Russia and CIS ING Bank Dmitry Polevoy.

“Given that expectations for rates by the fed since the beginning of the year calmed down considerably (the market does not expect them to change before September), and the Central Bank will probably leave the rate unchanged, in the presence of support from oil prices, the ruble may feel confident, but the high volatility will continue,” – said the economist.

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