The Russian ruble on the last business day of the week falls in price against the dollar and the euro. This scenario is caused by a decrease in the cost of oil and the outcome of the meeting of the European Central Bank. As of 11:11 MSK, the US dollar rate went up by 18 cents, to 62.81 rubles. The European currency rose in price by 29 cents, to 72.79 rubles. Along the world trading floors, the euro is rapidly weakening against the dollar. Today, the strongest decline in the rate of the single European currency was recorded in two years: the euro lost 1.75% of its value, slipping to $ 1.16. Currency players did not like the excessively mild decision of EU financial authorities. Eurocenter on Thursday, June 14, said that the key rate will remain at a record low, at least until the summer of 2019. Analysts believe that the increase in rates may occur later, since the term of office of the head of the ECB Mario Draghi expires at the end of October 2019. In his last months on the post, he may not take sharp steps. The dollar is rising towards the euro because the US Federal Reserve on Wednesday raised interest rates by a quarter of a percentage point, creating "the difference between rates between the US and Europe," analysts say.. As a result, US assets became more profitable, and investors began to invest in them, withdrawing funds from European securities. Against the backdrop of the strengthening of the dollar, oil becomes cheaper. On Friday morning, August futures for the North Sea oil blend of Brent fell by 0.14%, to $ 75.83 per barrel, July futures for WTI crude oil - by 0.09%, to $ 66.83 per barrel. "A more expensive dollar has a negative impact on commodity prices, including oil prices, as in this case raw materials become more expensive for investors owning another currency," explained Alpari analyst Vladislav Antonov. Its role in reducing oil quotations was played by the statement of the Minister of Energy of the Russian Federation Alexander Novak. The day before, he said that Russia and Saudi Arabia are in favor of a gradual increase in oil production. The OPEC + countries could reconsider the terms of the deal to reduce the production of hydrocarbons and consider an increase in production of up to 1.5 million barrels per day, the Russian official said.. OPEC and a number of non-member countries agreed at the end of 2016. on the reduction of oil production by a total of 1.8 million barrels per day from the level of October 2016. , of which 300 thousand. barrels fall on Russia.

The agreement started in early 2017.

and has already been extended twice, most recently - until the end of 2018. This allowed to raise world oil prices and contributed to the strengthening of the ruble. Cheaper oil does not leave the ruble any chance of a fight with the dollar. In the coming days, the gradual weakening of the Russian currency will continue. However, do not forget about the meeting of the Bank of Russia, which will take place today. The decision of the regulator on the basic rate will be the key for the dynamics of the ruble exchange rate in the short term.