Dollar rate rushes down amid the news of Biden's victory in elections
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Dollar rate rushes down amid the news of Biden's victory in elections

9 November , 15:02Economy
The dollar rate on the Moscow Exchange on Monday fell by almost a ruble compared to the rate at the close of trading on Friday, according to the data of the trading floor.

At the opening of trading on Monday, the rate dropped by 0.5% compared to Friday - from 77.69 to 77.26 rubles per dollar, and continued to fall. The rate reached its minimum values by 10:30 am, dropping to 76.76 rubles, after which it showed a slight increase. By 12 o'clock in the afternoon, the dollar again exceeded 77 rubles.

The euro exchange rate also continues to decline. At the close of trading on Friday, it exceeded 92 rubles. By 10:30 am on Monday, the euro lost 0.7%, reaching 91.29 rubles, after which it also grew slightly.

On news of the victory of Democratic candidate Joe Biden in the US presidential election, oil prices soared. So, the price of the January Brent futures rose by 2.3%, reaching $ 40.3 per barrel, WTI with shipment in December rose by 2.5% - to $ 38 per barrel. Analysts in the oil market are optimistic about Biden's victory in the elections, expecting new business support from the state.

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