Ruble rose sharply against euro after opening

The ruble rose sharply against the euro after the opening of trading on the Moscow Stock Exchange

On Thursday morning, the Russian
Ruble suddenly went up and reached
mark of 64.4 against the euro – the first time since the end of
of December. Likely to support
national currency growth of oil and sale
export earnings and low demand
currency.

By 11:11 MSK pair EUR / RUB
trading at
64.79, and the pair USD / RUB –
at the level of 60.93.

"Dollar exchange rate
kept in the range of 60-63 rubles, which we
We believe fundamentally justified
at the current level of oil prices"-
analysts say. Brent crude is now
trading around $ 58.06 per barrel.

today’s quotations
EUR / USD pair about
$ 1,063, the euro went up in the morning and picking up
effect – an increase more than 0.74%.

The focus of Russian
the foreign exchange market is the future
Meeting of the Central Bank of the Russian Federation, which
scheduled for March 13. Perhaps,
It will address the issue of lowering the
interest rate.

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