The Russian ruble exchange rate continues to decline against the US dollar in the intraday trading session. As of 16:32 Moscow time, traders gave 89.2 rubles per US unit of account, to witness Statistical data of analysts of the Moscow Stock Exchange (Mosbirzhi).
Such quotes have not been recorded on the capital currency exchange since March 29, 2022. Since the start of morning trading, the US dollar has appreciated almost 2%. At the same time, since Monday, growth has already exceeded four rubles, which indicates the continued reaction of the market to the military uprising that took place over the weekend in Russia.
In addition, the rate of the Russian currency continues to weaken against the USA for another reason. Recently, exporters’ offer of additional dollars, euros and yuan in the stock market has increased the volume of foreign exchange supply in the market. During this period, investors tried to find a more reliable currency, which caused the ruble to depreciate further.
June 30 ruble exchange rate decreased and against other Western currencies. During morning trading on the Moscow Stock Exchange (Mosbirzhe), the exchange rate of the Russian currency was above 96 rubles. for the euro. The growth since the beginning of the session was more than one percent (+1.21%).
Former Russian businessman Oleg Deripaska suggestedWhen the era of dollar dominance in the world is over.