Rouble started a week declining in pairing with USD
With the start of the trading session at the MICEX currency section, the Russian Rouble rate has declined in pairing with the USD amid rollback of the pair EUR/UD on Friday and negative external background, provoked by riots in Egypt.
Thus, trading session for the USD started at the level of 29.78 roubles, which is 8 kopeks more than the level on Friday; the Euro started movement at the level of 40.55 roubles, (- 15 kopeks.)
Dual currency basket value declined by 2 kopeks and amounted to 34.63 roubles.
Therefore, destabilization of the situation in Egypt caused withdrawal of investors to safe assets at Forex which will affect the rate of the Rouble today. The risk factor for the domestic currency on Monday is the meeting of the Central Bank of Russia where the decision on the refinancing rate will be made.
Presumable the pair Rouble/Dollar will not go beyond the channel of 29.70-29.95 roubles for the USD at the trading session today.
