Exchange rate of the dollar fell almost on the ruble

The dollar during trading on the Moscow exchange fell for a half hour more than on the ruble. Reaching a maximum for the two sessions mark in 69,21 RUB, the us currency has sharply gone down. By 20:00 Moscow time course decreased to the level of 68 rubles, after which the market began a correction. As of 20:09 dollar cost of 68.30 rubles.

The single European currency during the evening trading session decreased to RUB 76,50, but then on the exchange, there was a reversal. 20:11 Moscow time the Euro was worth 77,03 RUB.

Fluctuations in the currency market occurred against the backdrop of the statement by the President of the Federal reserve system (FRS) the USA Janet Yellen, during which she called appropriate precautionary approach to the adjustment of monetary policy of the country.

As Bloomberg reports, after Yellen’s speech the dollar fell against the Euro. At the same time the us stock market has won back morning losses. The S&P index declining by 0.4%, after a speech by the fed chair went red and rose 0.4%.

Exchange rate of the dollar fell almost on the ruble

The dollar during trading on the Moscow exchange fell for a half hour more than on the ruble. Reaching in the afternoon on March 29, the highest for the two sessions mark in 69,21 rubles, in the evening, the American currency has sharply gone down. To 20:00 MSK exchange rate fell to the level of 68 rubles, after which the market began a correction. As of 20:09 dollar cost of 68.30 rubles.

The single European currency during the evening trading session on Wednesday declined to 76,50 RUB, but then on the exchange, there was a reversal. 20:11 Moscow time the Euro was worth 77,03 RUB.

Fluctuations in the currency market occurred against the backdrop of the statement by the President of the Federal reserve system (FRS) the USA Janet Yellen, during which she called appropriate precautionary approach to the adjustment of monetary policy of the country.

As Bloomberg reports, after Yellen’s speech the dollar has lost 0,54%. 19:40 Moscow time Euro pair/the dollar traded at the level of 1,125.

At the same time the us stock market has won back morning losses. The S&P index declining by 0.4%, after a speech by the fed chair went red and rose 0.4%.

In December 2015 the fed for the first time since 2006 raised its key interest rate by 25 b.p. The regulator explained the decision by saying that the U.S. economy is strong enough to start normalizing monetary policy. The fed chief Janet Yellen in the December press conference hinted at the possibility of further rate hike in 2016. However, during the first two meetings of 2016 the fed are unable to continue to normalize policy.