The exchange rate of the dollar for the first time since July 2015 fell below 58 rubles.

Photo: FotograFF / Lori

Trading currency on February 13 at the Moscow stock exchange started a new strengthening of the ruble against the background of fluctuations in oil prices

The dollar and the Euro opened the new week of trading on the Moscow exchange a new decline. At a minimum the value of the dollar fell to RUB 57,9625 by 27.75 kopecks below the closing level on February 10. Below the mark of 58 rubles. the dollar fell for the first time since July 24, 2015.

Simultaneously, the Euro decreased to 61.32 RUB 63 kopecks below the closing level on February 10. Made on Monday the low was the lowest point of the fall of the Euro from 29 June 2015.

In anticipation of the start of trading chief analyst of Bank “GLOBEKS” Viktor Veselov pointed out that the ruble may continue to strengthen in connection with the beginning of the tax period and the reporting season for Russian companies for the year 2016.

“Because the Ministry of Finance supported the payment of dividends in the amount of 50% of net profit, without paying attention to the statements of top officials on the reduction of dividend payments, there can be a gradual growth of the ruble under the dividend payments,” said Veselov.

Oil trades on the ICE exchange has opened new week fluctuations in the area of closing of the previous auction ($56,7). According to analyst PSB of Catherine Krylova, in the near future the cost of a barrel of Brent will remain in the range of $55-57.

By 10:25 Moscow time the price of a barrel of Brent oil on the ICE futures exchange was $56,7, the dollar on the Moscow stock exchange reached $ 58,105 Euro – the 61.8 RUB.

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