USD started this short working week with decline in pairing with Rouble

 With the start of the trading session at the MICEX currency section, the Russian Rouble rate continues to grow, the trend which was interrupted by the 1st of May celebrations amid consolidation of the European currency at the beginning of the week. However, pullback in oil prices prevents the Russian Rouble to grow more considerably.

Thus, trading session for the USD started at the level of 27.3 roubles, which is 6 kopeks less than   closing level on Friday; the EUR started movement at the level of 40.5 (-10 kopeks).

Dual currency basket value decreased by 8 kopeks today, to the level of 33.25 roubles

The decision of the Central Bank of Russian Federation to raise refinancing rate to 8.25% per annum supports the growth of the Rouble at the moment.

Presumably the pair Rouble/Dollar will be in the channel of 27.15- 27.45 Roubles for the USD at the trading session on Tuesday.

 

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