Dollar inches down, stays close to Dec maximum

The dollar inched down staying close to maximums of the second half of December while the euro grew a bit on the Moscow Exchange (MOEX: MOEX) on Tuesday as the ruble remained under pressure from declining oil prices.

The dollar traded at 60.1-61.33 rubles/$1 on the Moscow Exchange and averaged 60.82 rubles/$1 after three minutes of trading, down 0.03 rubles from the previous closing. The euro was up 0.1 rubles to 72.8 rubles/EUR1. The bi-currency basket ($0.55 and EUR0.45) gained 0.03 rubles to 66.21 rubles.

The dollar traded 4.6 rubles above the official exchange rate while the euro was 4.5 rubles above the official exchange rate.


Read more: Spiraling ruble sees worst 2 days in its history as oil price tumbles

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