Forex analytics of LiteForex of 25.10.2010: The ruble is strengthening in the pair with USD on Monday

When the trading session on MICEX currency section started RUB grew in the pair with USD against the background of positive dynamics of pair EUR / USD on forex.

Thus bidding for USD started from the level of 30.13 rubles which is 25 kopecks lower than Friday’s marks; EUR started moving from the level of 42.4 rubles (+12 kopecks).

The cost of the dual currency basket dropped by 5 kopecks today and amounted to 35.67 rubles.

Thus RUB again projects the external background on itself and the external background today is quite favorable. The growth of major currency on forex is a positive moment as well. Strengthening of oil prices also plays a positive role in increasing the value of RUB.

Supposedly the pair RUB/USD will bid within the range of 30,00-30,55 rubles for USD.