Forex Analytics of LiteForex of 10.11.10: Rouble fell significantly at MICEX

With the start of the trading session at the MICEX currency section the Russian Rouble fell against the USD and changed slightly against dual currency basket amid the decrease of the pair EUR/USD at Forex and negative dynamics at the world capital markets.

Thus, trading session for the USD started at the level of 30.81 roubles, which is 20 kopeks higher than the level yesterday; the EUR started movement at the level of 42.45 roubles (-20 kopeks).

Dual currency basket value changed only slightly and amounted to 36.05 roubles today. Index fell by 21 kopeks yesterday.
Negative dynamics of the pair Rouble/Dollar is easily explained because the pair is correlated with the pair EUR/US, which fell to the lows of two weeks.

Presumably, the pair Rouble/ Dollar will not go beyond the range of 30.75-30.95 roubles for the USD in the mid-week trading session.

[More]