The dollar soared to 66 rubles and reached the highest level in more than 3 months – Interfax

the Ruble came under pressure amid increasing volatility in global currency market and in connection with the negative trend in the oil market.

Photo: panthermedia/vostock-photo

Moscow. 11 Nov. INTERFAX.RU – the Dollar rose to 66 rubles, pushing the ruble to a minimum more than 3 months, the Russian currency came under pressure amid increasing volatility in global currency market and in connection with the negative trend in the oil market. The US dollar soared to 66 of the ruble in 11:40 GMT, hitting a new high at the auction “Moscow exchange” for the period from 4 August, i.e. more than 3 months.

the Dollar gained at this point 53 kopecks to the previous closing day. Euro at this moment gained 40 cents, reaching 71,68 of the ruble. In the following minutes, the dollar and Euro retreated from these levels for a few cents.

the previous night the Euro reached 71,9975 ruble hit a new high since September. At the end of Thursday, both currencies increased by more than 1.5 rubles, ruble intensified in the evening hours together with a reduction in the number of currencies of emerging markets (Brazilian real, Turkish Lira, etc.).

the pressure on the ruble rose as global markets increases volatility, as expressed, in particular, to increase the amplitude of fluctuations in the market of US Treasuries after assessing investors new priorities in the United States after the presidential election. The pressure on the ruble and cause falling oil prices, experts of “Interfax”.

oil Prices fell Thursday by more than 1%, continued to decline on Friday on expectations that the oversupply of raw materials on the market. The cost of January futures for Brent crude on London’s ICE Futures Europe exchange at 11:40 GMT, down 0.5% to USD of 45.61 per barrel.