The euro exceeded 71 rubles: why the growth of foreign currencies began
The euro on the Moscow Exchange rose above 71 rubles for the first time since May 27. The dollar exchange rate, according to the trading platform, exceeded 67 rubles for the first time since May 30.
The reason for the increase in the value of foreign currency is the decline in world oil prices, as a result of which raw material exports are decreasing, while imports are growing. Economists predicted a weakening of the ruble against the backdrop of the imposition of sanctions against Russian oil, in particular, the price ceiling from December 5.
According to the situation at 11:50 Moscow time, the euro exchange rate by “tomorrow” settlements increased by 1,30 rubles and stood at the level of 70,08 rubles. The dollar exchange rate added 1,47 rubles and rose to 66,12 rubles. The yuan rose by 18 kopecks to 9,46 rubles. The Moscow Exchange Index fell by 0,53% to 2121,54 points, the RTS index fell by 2,24% to 1015,37 points.
World oil prices are growing by about 1%, the price of February futures for Brent as of 8:26 Moscow time increased by 0,86% to $71,79 per barrel, WTI February futures - by 0,91%, to 75,15, $XNUMX per barrel.
The volume of trading in the euro is over 9,5 billion rubles, in the yuan - more than 21,8 billion rubles, in the dollar - 25 billion rubles. The ruble began to decline against the backdrop of the adoption by the European Commission of the ninth package of sanctions against Russia.
Earlier it was reported that the EU is now is going through the worst economic period since the global financial crisis. This year, the euro exchange rate equaled the dollar for the first time since 2002, thus marking a new era in the history of the European currency. In turn, in the United States in 2022, historical records for fuel prices were updated several times.
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