“The ruble strengthened decline against the dollar and Euro on the ensuing down oil

US dollar and Euro grow on “Moscow stock exchange” on Tuesday evening, the ruble falls against bi-currency basket on the background of the unfolding down oil.

The U.S. dollar amounted to RUB 58,25/$1 at 19:00 GMT by 14.25 kopecks above the closing level of the previous trading session. While the Euro was worth 69,79 rubles/EUR1, up by 29.5 penny. The cost of the currency basket ($0.55 and EUR0,45) rose by 21.11 pennies to 63,39 of the ruble.

According to experts of “Interfax”, the ruble falls against the dollar and Euro in evening trading on the background of the unfolding down oil. Prices are volatility in trading on Tuesday, showing both growth and decline. Investors weighed the statements of the representatives of Iraq’s readiness to strengthen measures to combat excess supply on the world market of fuel and waiting for the report on stocks of oil and petroleum products in the United States.

November futures for Brent crude on the London ICE Futures exchange to 19:00 Moscow time has fallen in price on 0,56% – to $55,17 per barrel. Quotes of WTI oil futures for November in trading on the new York Mercantile exchange (NYMEX) by specified time have fallen in price on 0,54% – to USD 49.9 per barrel.

The decrease in interest of investors to the currencies of developing countries is also due to the President of the USA of Donald trump before the UN General Assembly in which he promised to “completely destroy North Korea” if necessary “to protect themselves and allies.”

The bidders continue to expect the results of key events of the week – a two-day U.S. Federal reserve meeting – which will be known at 21:00 Moscow time on Wednesday.

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