The euro for the first time since September is cheaper than 70 rubles

The ruble is strengthened: the cost of the euro on the exchange for the first time since September dropped below the mark of 70 rubles, the dollar - below 63.

By 19.50, the euro lost 68 kopecks to close the medium and cost 69.77 rubles - the price did not fall below this mark since March 12, 2018. The dollar rate dropped to the mark of 62.77 rubles, losing 53 kopecks. Cheaper than $ 63 rubles on the Mosbirzha has been standing for the first time since July this year.

• The ruble was supported by news about trade negotiations between the United States and China and Donald Trump's tweet that Washington is very close to the conclusion of a trading transaction with Beijing.
• Another reason is the reduction of the Central Bank of Brazil and Turkey of key rates.
• This even more convinced the market participants that [on Friday, December 13] the Russian Central Bank will also continue the cycle of mitigation of monetary policy, saying toVedomosti and RBC analytics. In their opinion, the ruble “broke the key level of support” and will now continue its strengthening.