The euro’s climb on the Moscow Exchange pushed above 89 rubles, marking its strongest level since mid-April 2022 and signaling renewed volatility in the currency pair. Market participants watched the euro edge higher as trading progressed, reflecting shifts in risk sentiment and the evolving backdrop for Russian FX instruments. By mid-evening Moscow time, the euro stood at 89.05 rubles, up 1.76 rubles from the prior session, while the U.S. dollar also advanced, gaining 1.32 rubles to reach 81.16 rubles as the day advanced. These movements underscore a broader trend of ruble weakness against major horizons, influenced by domestic policy signals and external financial developments affecting cross-rate dynamics on the exchange.
Earlier in the session, the dollar breached the 81-ruble barrier, its highest mark since early April of the previous year. The Moscow Exchange recorded a 1.19-ruble rise for the dollar, bringing it to 81.03 rubles when compared with the last closing price. Concurrently, the euro climbed by 1.2 rubles to 88.49 rubles, highlighting a simultaneous shift in several key currency pairs that traders were watching closely as liquidity conditions evolved around the mid-day settlement.
There were earlier reports noting that the euro temporarily traded above 88 rubles, the strongest level observed since April 14, 2022. At approximately 12:10 Moscow time, the euro rose by about 86 kopecks to 88.15 rubles, while the dollar appreciated by roughly 93 kopecks to about 80.77 rubles. These intraday moves illustrate the frequently quick swings in the ruble pairings, driven by shifting flows across risk assets and the ongoing assessment of macro indicators tied to energy markets and sanctions-related dynamics.
In a related development, a separate snapshot showed the dollar trading to the 80 ruble level for the first time since mid-April 2022, as the market absorbed fresh cues from global markets and domestic commentary. On that day, the yuan hovered around 11.63 rubles, posting a modest gain; the euro traded near 87.5 rubles as traders evaluated currency correlations and the potential implications for export-oriented sectors. By 9:23 Moscow time, the dollar had inched up by 25 kopecks to 80.08 rubles, the yuan gained 5 kopecks to 11.63 rubles, and the euro increased by 17 kopecks to 87.46 rubles. At the opening of that session, traders noted that the euro’s path versus the ruble could shift again as liquidity conditions shifted and market participants reassessed risk appetite for the coming sessions.