USD looses ground in pairing with Rouble
With the start of the trading session at the MICEX currency section, the USD continues weakening in pairing with the Russian Rouble on oil prices’ testing new highs. Since the conflict in Libya ran up again oil prices reached 2-year high at the end of the week, giving a strong support to the Russian currency.
Thus, trading session for the USD started at the level of 28.37 roubles, 6 kopeks lower than the level seen on Thursday’s close; the EUR started at the level of 40.23 roubles (-8 kopeks).
Dual currency basket value decreased 6 kopeks and amounted to 33.71 roubles.
Thereby the Russian Rouble gained oil prices’ support again, which helps it strengthening.
Presumably the pair Rouble/Dollar will be in the channel of 28.25-28.40 roubles for the USD at the trading session today.
