Rouble starts to rebound in pairing with USD

With the start of the trading session at the MICEX currency section, the Russian Rouble rate started a correctional movement in pairing with the USD, as the external background provided some support. The Russian currency also gained support from rising oil prices.

Thus, trading session for the USD started at the level of 32.21 roubles, which is 8 kopeks lower than yesterday’s closing level; the EUR started at the level of 43.75 roubles (+7 kopeks). 

Dual currency basket value amounted to 37.41 roubles today (-8 kopeks).

Taking into account today’s world financial markets’ optimistic sentiment and two-day currency interventions made by the central bank, a slight Rouble’s rebound looks logical.

Presumably, the pair Dollar/Rouble will be in the channel of 32.15-32.30 Roubles for the USD at the trading session on Tuesday.