“The ruble was almost unchanged against the currency basket at the opening of trading

US dollar slightly lower, the Euro rises at the opening of trading on the “Moscow stock exchange” on Tuesday, the ruble was almost unchanged against the currency basket on the background of a slight increase in oil prices.

The first transactions in US dollar were in the range 58,02-58,07 rubles/$1, at the end of the first minute of trading, the rate was 58,03 RUB/$1 (-8,25 penny to the previous closing). The Euro edged up to 69,62 rubles/EUR1 (+12,25 cents), the value of the currency basket ($0.55 and EUR0,45) rose only 0.9 of a penny against the Monday’s closing level, to 63.24 of the ruble.

The dollar has been on 40,33 penny above the level of the current official exchange rate of the Euro – 86,61 kopecks above the official rate.

According to experts of “Interfax-CEA”, the ruble is stable against the currency basket at the opening of trading Tuesday amid a slight increase in oil prices, after rising about 5% at the end of last week. Multidirectional dynamics of the dollar and the Euro in pairs with the rouble is also associated with the growth of the pair “Euro-dollar” in world currency market again to reach us $1.2.

Oil prices reference marks are weak rise on Tuesday in anticipation of data on oil inventories in the United States, which will be published September 20. Additionally, traders await the outcome of the Ministerial meeting of OPEC countries and non-organization of States on monitoring the agreement to reduce oil production, which will take place on Friday.

November futures for Brent crude on London’s ICE Futures exchange at 10:01 Moscow time have risen in price on 0,14% – to $55,56 per barrel. Quotes of WTI oil futures for November in electronic trading on the new York Mercantile exchange (NYMEX) on Tuesday morning has risen on 0,22% – to $worth 49.91 per barrel.

Leave a Reply

Your email address will not be published. Required fields are marked *