Exchange rate of the Euro fell below 72 rubles. for the first time in two weeks

The Euro on the Moscow stock exchange for the first time since July 25 fell below $ 72 RUB the minimum rate of the Euro in currency trading on Monday reached 71,9425 RUB 74 kopecks below the closing level on Friday, 5 August.

Simultaneously, the dollar against the ruble lost 65,75 kopecks, reaching the minimum level 64,89 RUB.

The ruble strengthened against the background of rising world oil prices. In the course of trading on the stock exchange ICE futures price for Brent oil for delivery in October rose on Monday by more than 1% and approached $45 per barrel.

“The ruble is growing at the opening of trading after the price of oil. In case of overcoming the psychologically important milestone of $45 per barrel, the possible future growth of the ruble. Yet the possibility of growth is limited by a corridor of 63.5–65 RUB. Now the market will be watching data on stockpiles, which should be out on Wednesday. If the trend towards their decline continues, the ruble will get another chance for growth,” — said the Deputy Chairman of the Board Loko-Bank Andrey lyushin.

To 12:00 MSK cost of a barrel of Brent on the ICE stood at $44,88, the dollar on the Moscow stock exchange reached 64,9125 Euro — 72,975 RUB.