“The ruble remained stable against the currency basket at the opening Friday

US dollar falls, the Euro rises at the opening of trading on the “Moscow stock exchange” on Friday, the ruble is stable against the currency basket on the background of the ongoing correction of the pair “Euro-dollar” on the world market after a sharp fall following the US Federal reserve meeting on Wednesday.

The first transactions in US dollar were in the range 57,78-57,84 rubles/$1, at the end of the first minute of trading, the rate was 57,82 RUB/$1 (-8,5 penny to the previous closing). The Euro rose to 69,2 rubles/EUR1 (+5.3 cents), the value of the currency basket ($0.55 and EUR0,45) fell by 2.3 pennies compared to the closing level on Thursday, to 62.94 ruble.

The dollar has been on of 40.92 kopecks below the level of the current official exchange rate of Euro 6.35 kopecks below the official rate.

According to experts of “Interfax-CEA”, the ruble rises slightly against the dollar and reduced the Euro, following the dynamics of the pair “Euro-dollar” in Forex, where the main currency pair continues correctional growth after the fall following the US Federal reserve meeting on Wednesday.

Oil moderately rises in price during the Asian trading on Friday and finished the week in positive territory in anticipation of the OPEC meeting+ at the Ministerial level. The price of November futures for Brent crude on London’s ICE Futures exchange at 10:00 Moscow time has risen on 0,34% – to $56,41 per barrel. Oil WTI with delivery in November in electronic trading on the new York Mercantile exchange (NYMEX) had risen by this time on 0,45% – to $50,78 a barrel.

In Vienna on Friday will host a Ministerial meeting of OPEC and non-OPEC States to monitor the agreement to reduce oil production. The main issue of the meeting is the possibility of extending the reduction of oil production, including up to mid-2018.

In addition, the market is interested in the referendum on independence of Kurdistan, which is scheduled for Monday. The regional authorities announced the possibility of additional incentives for foreign oil companies developing its deposits.

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