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Rouble continues to consolidate against the USD and dual currency basket

With the start of the trading session at the MICEX currency section, the Russian Rouble continues its ascending trend on Thursday amid the rise of the pair EUR/USD at Forex; decision of the RF Central Bank on the expansion of the floating channel still remains an additional catalyst.

Thus, trading for the USD started at the level of 28.31 roubles, which is 6 kopeks less than yesterday’s level; the EUR started at the level of 39.27 roubles (-5 kopeks).

Dual currency basket value continued to fall today, losing 6 kopeks and amounted to 33.25 roubles.

Therefore, the Rouble continues to move steadily in the ascending channel.

Presumably the pair Rouble/Dollar will be in the channel of 28.25-29.55 roubles for the USD at the trading session on Thursday.

 
 

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