USD retreats again in pairing with Rouble

With the start of the trading session at the MICEX currency section, the Russian Rouble rate continues to gain strength in pairing with the USD, with the help of support from the oil sector and also supported by the rapid rise of the pair EUR/USD to the 16- month highs.

Thus, trading session for the USD started at the level of 27.73 roubles, which is 4 kopeks less than   closing level yesterday; the EUR started movement at the level of 40.77 (+12 kopeks).

Dual currency basket value increased by 3 kopeks today, and amounted to 33.6 roubles.

Therefore, continuation of the national currency consolidation was caused by the rise of the Euro in pairing with the USD; it is worth noting, however, that growth of the Rouble is limited so far, due to the two-day meeting of the U.S. Federal Reserve which is going on now.

Presumably the pair Rouble/Dollar will be in the channel of 27.67-28.00 Roubles for the USD at the trading session on Wednesday.

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