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Rouble tests new lows in pairing with the USD
With the start of the trading session at the MICEX currency section on Monday, the Russian Rouble rate continued weakening – moving to 2009 lows in pairing with the USD amid the external background. Oil prices also step back leaving the Russian Rouble without serious support.
Thus, trading session for the USD started at the level of 32.56 roubles, which is 40 kopeks higher than Friday’s closing level; the EUR started at the level of 43.4 roubles (+15 kopeks).
Dual currency basket value amounted to 37.45 roubles today (+30 kopeks).
Thus the Russian Rouble continues to be pressured by the pessimistic external background. It is worth noting that dual currency basket value moved to the Central Bank’s target on Monday morning – so the interventions are likely to take place.
Presumably, the pair Dollar/Rouble will be in the channel of 32.50-32.85 Roubles for the USD at the trading session on Monday.
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