The euro gained slightly faster on Tuesday afternoon on the Moscow Exchange, rising above 67 rubles for the first time since May 30, shortly after the publication of inflation data in the U.S., and was below forecasts.
The euro was equal to 67.01 rubles at 16:58, or 63.75 kopecks above the previous trading level. The dollar by that time was equal to 63.07 rubles, which is by 26.5 kopecks more than the previous day closure. The bi-currency basket ($0.55 and $0.45 per euro) rose by 43.26 copecks to 64.84 rubles compared to the previous close.
The U.S. Labor Department reported that consumer prices in the country rose 7.1% year-over-year in November 2022. Inflation slowed significantly in October from 7.7% and is now at its lowest level since December 2021. Market analysts were forecasting an average increase of 7.3%, based on surveys by Trade Economics, MarketWatch, and Bloomberg.