Rouble increased slightly in pairing with USD

With the start of the trading session at the MICEX currency section, the Russian Rouble rate increased slightly in pairing with the USD and Euro, taking advantage of relatively high sentiments of investors at the global capital markets. Nevertheless, despite some stability, position of the Rouble is still weak.

Thus, trading session for the USD started at the level of 30.37 roubles, which is 2 kopeks less than   yesterday’s closing level; the EUR started at the level of 42.09 roubles (-1 kopek). 

Dual currency basket value amounted to 35.64 roubles today (-1 kopek).

Therefore, investors’ predictably shift to wait and see attitude in advance of the events next week. Current stability can be deceiving because situation in the global economy has not changed fundamentally.

Presumably, the pair Dollar/Rouble will be in the channel of 30.20-30.45 Roubles for the USD at the trading session on Friday.