“The dollar has exceeded 60 rubles for the first time since 15 August

US dollar and the Euro are actively growing at the “Moscow stock exchange” on Tuesday evening, with the dollar exchange rate has exceeded 60 rubles for the first time since August 15 due to high demand from market participants for foreign currency liquidity.

The US dollar to 60.02 rubles/$1 at 18:01 GMT, which is 67 kopecks above the closing level of the previous trading session. While the Euro was worth 70,54 rubles/EUR1, up by 1.26 ruble. Euro exceeded 70 rubles for the first time since August 30.

According to experts of “Interfax-CEA”, the ruble declines against the dollar and Euro at the evening auction, reflecting external and internal factors. The decline in oil prices, the increased caution of investors towards emerging markets assets, declining interest in the carry trade, manifested, in particular, sales in the OFZ market led to the weakening of the ruble in the major currency pairs.

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