` Ruble Rises Against US Dollar and Euro on ` Moscow Stock Exchange '

#AceFinanceNews – MOSCOW – May 08 – INTERFAX.RU – Ruble against the dollar and the euro on the Moscow Stock Exchange on Wednesday rose amid allegations of the situation in Ukraine, made by Russian President Vladimir Putin after talks with his Swiss counterpart Didier Burkhalter, now presiding in the OSCE.

The euro exchange rate during Putin’s speech fell 39 cents to $ 48.96 rubles. Simultaneously, the dollar fell to 35.135 rubles, losing 27.5 kopecks to the previous close. Currency basket ($ 0.55 and € 0,45) decreased by 33 cent, amounting to 41.36 rubles.

Subsequently developed ruble success, pushing the dollar to 34.99 rubles. Thus, the first dollar for the first time in April fell below 35 rubles. Euro to 17:53 Moscow time dropped to 48.77 rubles and currency basket fell to 41.19 rubles.

At the same time the dollar and the currency basket updated lows in nearly a month. In addition, for the first time since early April cart was at the levels at which the central bank can not intervene to support the ruble.

The Russian stock market after Putin’s announcement also accelerated the rise. By 17:48 Moscow time the MICEX index rose to 1365.84 points (+3.6%), RTS – to 1226.88 points (+4.6%), while the ruble prices of most “chips” on the Moscow Stock Exchange rose within 10%.

Experts attribute the ruble and stock market growth to the fact that Putin’s statement after his meeting with Burkhalter gave hope for a speedy resolution of the conflict between Kiev and supporters of the federalization of Ukraine, whose performances will continue in the south-east of the country.

Ace Related News:
1. May 07 – Interfax – http://tinyurl.com/pspcxjl

#AFN2014

#currency, #didier-burkhalter, #dollar, #euro, #moscow, #president-vladimir-putin, #ruble