Tuesday , June 2 2020
Home / policy / Dollar exchange rate exceeded 67 rubles, Euro moves to 74

Dollar exchange rate exceeded 67 rubles, Euro moves to 74

Курс доллара превысил 67 рублей, евро движется к 74

The Russian national currency in the first hour of today’s trading on the Moscow stock exchange continues to significantly depreciate the U.S. dollar and the Euro.

So, by 10:26 GMT U.S. currency calculations “tomorrow” has jumped by 83 kopecks to the previous close to 66,8425 rubles (previously during the session for the first time since September 3, 2019 exceeded 67 rubles). The rate of Euro by this time rose to 97.5 cents to 73,5150 of the ruble, according to data exchange.

As analyst IK “VELES the Capital” Elena Kozhuhova, “in the morning the Russian stock indexes and the ruble will again be in the negative, as reasons for optimism abroad is still there, and sales are only accelerating”. “Amid the global panic (in connection with the rapid spread of Chinese coronavirus — ed.) to corrective decline has passed and gold quotes, which fell to 1630 dollars per ounce, and from a technical point of view can aim for 1600 dollars,” says the review expert.

The main PSB analyst Bogdan Zvarych notes that “a further fall in the energy market, where the nearest futures on Brent crude oil retreated below $ 51, and the weakening of currencies of developing countries that are losing in the range of 0.9%, will put pressure on the ruble.”

In turn, Deputy head of IAC “Alpari” Natalia Milchakova raised forecasts: the dollar — interval 65.5-66.5 rubles, and the forecast for the Euro to 72-73 rubles.

Overall, says the chief analyst of PSB Roman Antonov, “global markets complete the current week’s massive decline”. “Accelerating the spread of the coronavirus outside of China, and its increasing negative impact on the global economy led to sales”.

We also add that the real effective exchange rate of the ruble (inflation-adjusted) in January 2020 rose 1.7% against foreign currencies relative to the previous month. In this case the real exchange rate of the ruble against the dollar during the reporting period by 2.4%, to Euro — by 2%. Over the past year, the real effective ruble exchange rate grew by 8.4%, including the us dollar by 7.6% and the Euro by 11.7%.

© 2020, paradox. All rights reserved.

Check Also

The decree trump: what will happen with social networks

After a quarrel with the Twitter platform, positivley publish it as “invalid”, the US President, …

Leave a Reply

Your email address will not be published. Required fields are marked *