The euro and dollar rates are steadily growing on the Moscow Exchange.
Thus, the euro exchange rate for the first time since October 12 rose above 64 rubles, and the dollar is traded at about 61 rubles, the correspondent reports. DOPs with reference to trading data.
The ruble during trading on the Moscow Exchange on Monday was declining against the dollar and the euro against the backdrop of falling oil prices. As of 15:55 Moscow time, the euro was worth 64.0075 rubles – 1.08 rubles more than at the close of trading on Friday.
The price of oil on November 28 fell to a minimum since December 2021. The price of Brent futures during trading fell by more than 3%, dropping below $81. The fall in oil prices is due to the worsening situation with coronavirus in China, which threatens to slow down economic growth and weaken raw material demand.
It is noted. that oil is getting cheaper amid unrest in China, the world’s largest importer of raw materials. Market participants fear the reaction of the Chinese authorities to the protests against coronavirus lockdowns, which are taking place in Beijing, Shanghai and many other cities.