USD declined in pairing with Rouble on Wednesday

With the start of the trading session at the MICEX currency section, the Russian Rouble rate increased in pairing with the USD and Unified European currency due to the rise in oil prices which provided an impetus for the domestic currency to grow.

Thus, trading session for the USD started at the level of 27.62 roubles, which is 13 kopek less than yesterday’s closing level; the EUR started movement at the level of 39.8 (-10 kopeks).

Dual currency basket value fell by 11 kopeks today, to the level of 33.1 rouble, which became the lows since 2008.

Therefore, as soon as oil prices had returned into ascending channel, the Rouble received support again.

Presumably the pair Rouble/Dollar will be in the channel of 27.57- 27.70 Roubles for the USD at the trading session on Wednesday.

 

 

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