The ruble fell against the dollar and Euro amid falling oil prices

Moscow. May 4. INTERFAX.RU US Dollar and the Euro are rising at the opening of trading on the Moscow stock exchange on Thursday morning, the ruble weakened against the currency basket amid falling oil prices.

The first transactions in U.S. dollar were held on the Moscow exchange in the range of at 57.39-57,52 rubles/$1, at the end of the first minute of trading, the rate was 57,52 RUB/$1 (+13.8 penny to the previous closing). The Euro rose to 62.55 rubles/EUR1 (+6.3 cents), the value of the currency basket rose by 10.4 kopecks relative to Wednesday’s closing level, before 59,78 of the ruble.

The dollar has been on 42,73 penny above the level of the current official exchange rate of the Euro – 22,26 kopecks above the official rate.

According to experts of “Interfax-CEA”, the ruble declines against the dollar and the Euro at the opening of trading on the background of falling oil prices. The pressure on the ruble has also the growth of the dollar on the world currency market after the publication of the release of US Federal reserve meeting, which the markets have concluded the following about a possible rate hike at the next meeting of the regulator in June.

Oil prices fall in Asian trade Thursday, with investors still worried by the high indices of commodity fuel reserves in the world. In the US increasing concern that the traditional rise in demand for gasoline in the summer this time will be less pronounced than usual. Over the last four weeks of the gasoline sales in the country declined by 2.7% compared to the comparable period last year. The contract for Brent crude oil for July delivery on London’s ICE Futures exchange at 10:01 Moscow time has fallen on 0,69% – to $to 50.44 per barrel. The futures price for WTI crude oil for June on the electronic trading on the new York Mercantile exchange (NYMEX) decreased by this time by 0.69% to $47,49 per barrel.