The ruble accelerated its fall against the dollar and the euro on Tuesday afternoon. The European currency by 13.00 Moscow time for the first time since October 8 overcame the mark of 92 rubles, adding about 50 kopecks. The dollar is approaching 78 rubles. At 13.30 Moscow time, it was trading on the Moscow Exchange at the level of 77.8 rubles, demonstrating an increase of 20 kopecks.

Oil prices on the ICE exchange are slightly reduced . At 13.10 Moscow time, Brent for December delivery cost $42.55 per barrel, depreciating by 0.16%. December WTI futures traded at $41 per barrel (-0.07%).

The Russian currency is affected by the upcoming US presidential election and uncertainty due to COVID-19.

The ruble is now directly tied to Joe Biden's chances in the presidential election, Bloomberg noted earlier. The agency found a clear correlation between the charts with the exchange rate of the Russian currency and how bookmakers assess Biden's chances of winning. The higher the chances of the Democratic candidate, the more the ruble falls: Biden's victory in the elections entails additional sanctions risks for Russia.
In October, Biden widened his lead in the polls. This came after his rival Donald Trump contracted COVID-19. Most Americans believe that the current president, who did not take the pandemic seriously, could have avoided contracting the coronavirus.
On October 22, the last televised debates before the presidential elections will take place in the USA. the first debate Biden won . The latter were canceled due to Trump's illness.
On Tuesday, October 20, Russia reached a new maximum of 16,319 cases of coronavirus infections, of which 4,999 were in Moscow.

The euro exchange rate rose above 92 rubles