Rouble/USD maintains stability on Friday morning
With the start of the trading session at the MICEX currency section the Russian Rouble rate maintained stability in pairing with the USD, rising against the Euro amid continuation of the decline of the pair EUR/USD at Forex. Increasing oil prices also support domestic currency.
Thus, trading session started for the USD at the level of 29.34 roubles, almost unchanged, the EUR started at the level of 39.8 roubles (-9 kopeks).
Dual currency basket value declined by 5 kopeks today and amounted to 34.05 roubles.
Therefore, the Rouble is kept afloat due to the new rise in oil prices, which is explained by the increased unrest in Egypt and actions of the current President Hosni Mubarak.
Presumably the pair Rouble/Dollar will not go beyond the channel of 29.30-29.55 roubles for the USD at the trading session on Friday.
