The Euro on the Moscow stock exchange exceeded RUR 89

The Euro on the Moscow stock exchange exceeded RUR 89

MOSCOW, February 9. The Euro against the ruble during trading on the Moscow exchange increased in comparison with level of closing of previous trading session by 1.14 rubles and amounted to 89,04 rubles, exceeding 89-ruble mark for the first time since January 26.

The dollar jumped to 54 kopecks to the ruble 79,08.

See also

The overcoming of threshold values of the U.S. dollar. Dossier

The ruble depreciates after oil. The cost of futures for oil of mark Brent with delivery in April 2016 on the ICE stock exchange in London has dropped by 0.82% to 32,61 USD per barrel, once again dropping below $ 33 per barrel.

The current situation does not give any significant signals on the strengthening of the Russian currency, any significant weakening, says expert “BCS Express” Ivan Kopeikin.

“But if you implement at least one possible positive: either OPEC will convene an emergency meeting in February, or the head of the U.S. Federal reserve will hint at a slower pace of monetary policy tightening, then the pair dollar/ruble may resume its decline with the first target in the area of 74.5 – 75 rubles”, – predicts expert.

Ruble: factors of decline and growth. Special project

Expert opinion

Author: Konstantin KORISHCHENKO