USD is growing again in pairing with Rouble

With the start of the trading session at the MICEX currency section, the USD begun to grow again in pairing with the Russian Rouble, due to resumed sales of the Euro at Forex.

At the same time, the two-day rise in oil prices has no effect on the Rouble quotes yet.

Thus, trading session for the USD started at the level of 28.03 roubles, which is 4 kopeks more than yesterday’s closing level; the EUR started movement at the level of 39.69 (-8 kopeks). Value of the dual currency basket is close to the level of 33.3 roubles today.

Therefore, growth of the USD in pairing with the Rouble is attributed to the sales of the Euro/Dollar at Forex. Current levels of oil prices prevent the Rouble from the more significant downfall.  Presumably, the pair will be in the channel of 27.95-28.10 Roubles for the USD at the trading session on Wednesday.

[More]