Dec 31, 2020
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The euro rose again to 92 rubles

The euro rate on the Moscow Exchange rose to 92 rubles. It only lasted a week below this level.

By the close of the previous session, the price of the euro at 17:03 Moscow time increased by 1.55% to 92.08 rubles. The last time the euro rate was above 92 rubles on December 23, follows from the exchange data.

The dollar exchange rate as of 17:26 Moscow time rose by 1.2% and amounted to 74.925 rubles.

Futures for Brent crude oil for March on the London stock exchange ICE fell by 0.33%, to $ 51.06 per barrel, and WTI – to $ 47.98.

Earlier wrote that Artyom Tuzov, executive director of the capital market department of the investment company Univer Capital, advised Russians not to sell currency while it is growing in price. He explained that in the current situation one should focus on buying the dollar at its rate below 80 rubles, and the euro below 90 rubles. The moment when the rates of these currencies exceed the indicated levels can be regarded as a signal to sell them.

The expert also noted that the ruble is falling and growing cyclically, but in its dynamics it is not able to show its previous values ​​again. That is, it is unlikely to return to 65 or 68 per dollar.

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