In addition to the dollar, the ruble was also higher against the euro - even with a faster rate of 0.6 percent. In trading in Moscow today, the price of one euro reached 40.1175 rubles.
According to analysts, the increase in 'muscle' ruble due to market sentiment. Obama victory was said to have added 'taste' players on the foreign exchange market assets are more risky, such as the ruble.
More than just a sentiment, rising ruble exchange rate can be explained fundamentally, Obama's victory signaled that the policy of 'easy money' to refresh the U.S.A economy will continue. This policy is shown to measures U.S. Federal Reserve Chairman, Ben Bernanke continues to flood the financial markets with dollars, while buying government bonds.
This step makes the market flooded with dollars, so the value of the U.S.A currency is weakening - not just against other currencies, but also for commodities, such as gold and oil. According to the news agency Bloomberg, crude oil prices have climbed 129 percent since Obama entered office, in January 2009.
"Investors are hoping Obama will continue their policy of loose money that will weaken the dollar and push up oil prices," said Aleksie Belkin, Head of Asset Management at Capital LLC which oversees investment of U.S. $ 350 million to Bloomberg by telephone from Moscow, Wednesday (7/11) day this.
"Obama's victory brings certainty to the market," added Sergey Kucherenko, an investment manager who manages funds up to U.S. $ 50 million in Nomos Bank, Moscow.
