In the course of trading on the Moscow exchange on Thursday, June 2, the dollar rose by 60 cents, to 67,65 of the ruble. The Euro is 75.5 ruble. This is evidenced by the trading platform.
The Russian currency weakens against the background of falling oil prices. Brent crude fell below $ 49 per barrel (minus 1.7% compared to close of trading on June 1). According to 16:27 MSK, a barrel of standard grade is 48,86 USD.
Prices fall after reports that OPEC once again failed to agree on limiting crude oil production.
June 2, a senior analyst at Alfa-Bank Alan Kaziev said that in the short term in the foreign exchange market will be an explosion of volatility. The value of the dollar stabilized at the level of 64.5-67 rubles, and going beyond these limits can lead to a sharp rise in price (if the us currency will exceed the mark of 67 rubles) or a sharp drop in the value of the dollar (if it will drop below 64.5 ruble).
June 1, the investment subsidiary of Sberbank — Sberbank CIB said that in June the ruble may weaken for several reasons. Among the factors that affect the national currency was expressed that the summit of OPEC, the ECB meeting and the speech of the head of the fed Janet Yellen (scheduled for 6 June).
