Dollar, euro soar, ruble falls to new minimums

The dollar and euro soared at the opening of trading on the Moscow Exchange Friday and the ruble fell against the bi-currency basket, continuing its fall due to the reduction of the Central Bank of Russia's interventions.

The dollar and euro soared at the opening of trading on the Moscow Exchange Friday and the ruble fell against the bi-currency basket, continuing its fall due to the reduction of the Central Bank of Russia's interventions.

The dollar traded at 48 rubles/$1 after the first minute or so, which is 1.13 rubles higher than the previous closing and 2.8 rubles higher than the official rate for today.

The euro began the day around 59.4 rubles/EUR1, 1.35 rubles higher than yesterday's closing and 3 rubles higher than the official rate.

The bi-currency basket ($0.55 and EUR0.45) started the day at 53.13 rubles, 1.23 rubles above yesterday's value.

The currencies and basket reached new maximums.

The strongest pressure on the ruble, which caused the acceleration of its fall, came after the sharp reduction by the Central Bank of forex interventions starting on Wednesday.

Read more: Ruble hits record low against US dollar, euro>>>


All rights reserved by Rossiyskaya Gazeta.

More exciting stories and videos on Russia Beyond's Facebook page

This website uses cookies. Click here to find out more.

Accept cookies