Moscow. 26 Oct. INTERFAX – the U.S. Dollar and the Euro are falling on the Moscow stock exchange on Thursday evening, the ruble is growing to the basket, playing main information occasions of the day.
The U.S. dollar amounted to 57,74 rubles/$1 at 19:00 by 4.52 kopecks below the closing level of the previous trading session. While the Euro was worth 68,22 rubles/EUR1, down 71,13 penny. The cost of the currency basket ($0.55 and EUR0,45) fell by 34.5 per cent – up to 62,11 of the ruble.
According to experts of “Interfax-CEA”, the ruble rises against the dollar and Euro in evening trading, reacting to major news occasions of the day. The ECB on the results of the October meeting did not change the basic interest rate on loans, leaving it at zero. Deposit rate of the ECB remains at the level of minus 0.4%, the rate on margin loans is 0.25%.
Meanwhile, the ECB announced that the volume of the asset repurchase program will be reduced from the current level of 60 billion euros per month up to 30 billion euros per month from January 2018. The program will continue at least until September of next year.
Janet Yellen will not remain for a second term at the head of the Federal reserve system of the United States. This is reported by American media, according to which the most likely candidates for this position have remained a member of the Board of governors Jerome Powell and economist at Stanford University’s John Taylor.
The current term Yellen at the head of the U.S. Central Bank expires on February 3. Earlier it was reported that the President of the United States Donald trump plans to make a decision about the new head of the fed until 3 November.
Oil prices reference marks has turned up after a small decrease during the day. The crown Prince of Saudi Arabia Mohammed bin Salman bin Abdul Aziz al Saud supports the extension of the agreement by OPEC regarding production cuts in 2018, reports Bloomberg. Earlier it was reported that Saudi Arabia intends to reach consensus with Russia on this issue before the meeting of OPEC and partners in November.
The price of January futures for Brent crude on the London ICE Futures exchange to 19:15 GMT increased by 0.33% to $58,42 per barrel. The December contract for WTI crude oil in electronic trading on the new York Mercantile exchange (NYMEX) by this time has risen in price on 0,52% – to $52,45 per barrel.