The ruble fell against both the dollar and the euro

The ruble on the Moscow Exchange after the long weekend of February 25 fell against both the dollar and the euro: by 16.20 Moscow time, the dollar was trading at 65.3 rubles, which was 1.2 rubles higher than the closing level of the previous trading, and almost 70.9 rubles per euro (+1.5 rubles).

During trading, the euro exchange rate exceeded 71 rubles (for the first time since the beginning of December), the dollar - 65.5 rubles (for the first time since September), the weakening of the Russian currency reached 2%.

The reason for the depreciation of the ruble is the same as for all currencies of developing countries: the flight of investors into protective assets amid news of the spread of the coronavirus outside China, supplemented by oil falling in price by 4% the day before. We wrote in detail about what is happening on world markets here .

Until the end of February, the rate is unlikely to go beyond 66 rubles per dollar, Forbes experts predict . Otherwise, the Russian currency will continue to depend solely on external conditions.