Russia (bbabo.net) - The exchange rate of the ruble on the Moscow Exchange moved to growth after updating early morning trading lows since the end of January.

By 10.30 Moscow time, the dollar exchange rate fell by 66 kopecks to 76.51 rubles, the euro exchange rate - by 73 kopecks to 86.81 rubles. By 13.53 Moscow time, the "American" won back the losses slightly and began to cost 76.9 rubles, the "European" stopped at the level of 87 rubles.

"After the strongest weakening, the strengthening of the ruble is most likely a technical movement - the market is trying to find a new equilibrium value," said Maxim Biryukov, senior analyst at Alfa Capital. "Now geopolitics is the main factor determining the dynamics of the national currency."

According to the expert, in terms of fundamental indicators, the ruble remains a deeply undervalued currency, but this situation may remain indefinitely. With the weakening of geopolitical tensions, one can expect a gradual strengthening.

bbabo.Net