USD strengthened considerably in pairing with Rouble
With the start of the trading session at the MICEX currency section, the Russian Rouble rate declined significantly in pairing with the USD at the beginning of the week amid sales of the major currency pair at Forex and another round of deterioration of investors’ sentiments at the global capital markets.
Thus, trading session for the USD started at the level of 28.31 roubles, which is 30 kopeks more that closing session level on Friday; the EUR started at the level of 39.85 (-10 kopeks).
Dual currency basket value rose by 10 kopeks today, and amounted to 33.5 roubles.
Therefore, due to the surge of fears regarding debt problems of the Eurozone, the USD is in demand as a safe-haven currency.
Presumably, the pair Rouble/Dollar will be in the channel of 28.25-28.45 Roubles for the USD at the trading session on Monday.
