USD weakens in pairing with Rouble
With the start of the trading session at the MICEX currency section, the Russian Rouble resumed growth in pairing with USD at the Forex currency market amid oil prices’ surge on turbulent environment in the Middle East; Friday’s EUR/USD increase supports the trend.
Thus, trading session for the USD started at the level of 27.94 roubles, 8 kopeks lower than Friday’s close – thereby the main pair found itself lower than psychologically important level of 28 roubles for the first time since 2008. The EUR started at the level of 40.41 roubles on Monday, practically unchanged.
Dual currency basket value today lost 5 kopeks and amounted to 33.55 roubles.
On the back of such obvious factors as high oil prices and strong EUR the Russian currency’s growth doesn’t look surprising.
Presumably the pair Rouble/Dollar will be in the channel of 27.90-28.05 roubles for the USD at the trading session on Monday.
