Moscow Exchange currency moves show dollar dipping below 89 rubles

During trading on the Moscow Stock Exchange, the dollar rate dipped below 89 rubles per one dollar for the first time since January 30, 2024. This shift is supported by data from the trading platform.
As of 10:20 Moscow time, the American dollar traded at 88.95 rubles, down 0.64 percent from the prior session’s close. By 10:30 Moscow time, the dollar extended its weakness to 88.94 rubles, while the euro fell to 96.6 rubles, marking a 0.72 percent decline. The yuan also weakened, coming in at 12.21 rubles per yuan, down 0.56 percent.
Updates continue as market conditions move through the session. Analysts note that the ruble has faced periodic strength and pressure in recent weeks, with the latest data reflecting a cautious mood among traders amid ongoing domestic and international developments. The exchange rate dynamics are influenced by shifts in US monetary policy expectations, relative performance of commodity prices, and the evolving risk appetite in global markets. Market participants watch for any additional guidance from the Central Bank and nearby macro data releases that could impact currency trajectories.
From the traders’ perspective, liquidity in the domestic market remained solid, with turnover levels closely watched by investors seeking to gauge the pace of ruble recovery or further declines. The ongoing exchange rate movements underscore the sensitivity of the ruble to global dollar strength, trade balances, and statements from policymakers that may alter the slope of currency adjustments in the short term.
In summary, the dollar’s brief breach of the 89 ruble mark highlights the fluid nature of exchange rates on the Moscow Exchange. While the dollar and euro posted declines during the observed window, currency traders remain focused on the balance of monetary signals, geopolitical developments, and commodity price trends that could shape the next phase of ruble movements.