“The ruble is stable against the currency basket awaiting the outcome of a U.S. Federal reserve meeting

US dollar only slightly lower, the Euro rises at the opening of trading on the Moscow exchange on Wednesday, the ruble was almost unchanged against the currency basket awaiting the outcome of a U.S. Federal reserve meeting.

The first transactions in US dollar were in the range 58,08-58,17 RUB, at the end of the first minute of trading, the exchange rate was RUB 58,12 (-0.8 penny to the previous closing). Euro climbs to 69,75 RUB (+2.75 cents), the value of the currency basket ($0.55 and EUR0,45) rose only 0.8 kopeks against the Tuesday’s closing level, to 63,35 of the ruble.

The dollar has been by 2.07 kopecks above the level of the current official exchange rate of Euro by 7.15 kopecks above the official rate.

According to experts of “Interfax-CEA”, the ruble is stable against the currency basket at the opening of trading in connection with the expectations of market participants, the key event of the week – the outcome of the two-day U.S. Federal reserve meeting and press conference of the head of the us fed on Wednesday evening.

Oil prices reference marks are increased during Asian trading on Wednesday after a decline the previous day. Market participants expect the official data of the U.S. Department of energy, which will be released Wednesday at 17:30 GMT. 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.

The American petroleum Institute (API) on Tuesday said that the fuel reserves in the country rose last week by 1.4 million barrels, gasoline – by 5.1 million barrels, distillates – by 6.1 million barrels.

November futures for Brent crude on London’s ICE Futures exchange at 10:01 Moscow time has risen in price by $0,16 (0,29%) to $55.3 per barrel. Futures for WTI by this time increased by 1.02% to $50,41 per barrel.

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