The dollar and the euro are rapidly rising in price during trading on the Moscow Stock Exchange. Since the beginning of the trading session, the US currency has strengthened by 41 kopecks.. Her course as of 11:00 Moscow time reached the mark of 67 rubles exactly.

Euro, meanwhile, rose in price by 24 kopecks and now costs 76.95 rubles, according to data on the trading site. There is nothing surprising about cheapening the “Russian”. After optimistic September, when the ruble hit local records - the dollar fell in price to 65 rubles, and the euro - to 75 rubles, - the Russian currency returned to the downward trend. This is because US currency and US securities are gaining momentum again.. Against this background, there is an overflow of funds from risky assets into US bonds.. Currencies of emerging economies again came under tremendous pressure. This picture is observed for several reasons.. First, Washington continues to tighten monetary policy.. By the end of the year, the US Federal Reserve is going to raise the key rate again, and another two or three increases are expected next year.. Secondly, the European currency is now going through hard times against the background of Italy’s debt problems, and investors prefer to keep reserves in dollars. Third, the US-Chinese trade war continues.. Against the background of aggressive statements by both sides, one cannot expect a speedy resolution of the conflict.. In addition to global trends, the Russian currency is also influenced by its own negative factors.. One of the most important is the continuing risks of expanding sanctions.. Last week, with US Secretary of Defense Jim Mattis, Moscow must be held accountable for the attempt by Russian special services to break into the Organization for the Prohibition of Chemical Weapons network.. At the same time, the US Department of Justice also filed charges against the Russian Federation in connection with cyber attacks, and British Foreign Minister Jeremy Hunt announced the possibility of introducing new sanctions against Russia. All this may lead to a new round of geopolitical tensions in Russia’s relations with Western countries.. "The main positive moment for the ruble is high oil prices. Quotes of North Sea Brent crude continue to be held around $ 85 a barrel, despite the strengthening dollar.

Oil quotes support expectations of a ban on the purchase of Iranian oil from November and the tough position of OPEC +, "said Alpari senior analyst Roman Tkachuk (his words are quoted by Rossiyskaya Gazeta). If black gold continues to rise in price and grows to $ 100 per barrel (the Ministry of Energy of the Russian Federation does not exclude such a scenario), then the dollar may drop to 60 rubles, and the euro - to 70 rubles. Higher Russian currency will not rise due to the preservation of sanctions threats.