Strengthening of the Ruble and Rising World Oil Prices. Financial Market Review of June 25

The Central Bank lowered the official dollar exchange rate to a minimum in more than two years. Oil prices accelerated their growth, but did not return to the intraday highs reached earlier

Currency

The Chinese yuan exchange rate fell on the Moscow Exchange during the trading session on June 25. By 19:00 Moscow time, the yuan exchange rate was 10.89 rubles, which is 2 kopecks lower than the closing level of the previous trades.

The official exchange rate of the US dollar against the ruble, announced by the Bank of Russia on June 26, decreased by 0.19 rubles and amounted to 78.20 rubles. The official exchange rate of the euro against the ruble, announced by the Bank of Russia on June 26, decreased by 0.68 rubles and amounted to 91.06 rubles.

The Central Bank of the Russian Federation calculates official rates based on data from financial statements of credit institutions based on the results of interbank conversion transactions on the over-the-counter foreign exchange market.

On the global currency market, the dollar index against a basket of six major currencies DXY fell and by 20:30 Moscow time was around 97.9 points.

Stock

The main trading session on the Moscow Exchange ended with growth in the main indicators. The Moscow Exchange Index rose by 1.7 and closed at 2,789 points. The RTS Index rose by 1.9% and ended the trading session at 1,123 points.

Inflation in the Russian Federation from June 17 to June 23, 2025 amounted to 0.04% after also 0.04% from June 10 to June 16, 0.03% from June 3 to June 9, 0.05% from May 27 to June 2, Rosstat reported . Since the beginning of the month, price growth by June 23 amounted to 0.12%, since the beginning of the year - 3.68%.

From the data for 23 days of June this year and last year, it follows that annual inflation in the Russian Federation on June 23 slowed to 9.41% from 9.60% on June 16.

The main indicators of the US stock market showed weak mixed dynamics in the first half of the trading session. By 20:30 Moscow time, the Dow Jones industrial index had fallen by 0.3%, the S&P 500 index had added about 0.1%, and the NASDAQ-100 had grown by 0.2%.

Oil

Oil prices rose on the evening of June 25. The price of Brent oil futures on the London ICE Futures exchange was around $68.5 per barrel by 20:30 Moscow time. The price of WTI oil futures on the New York Mercantile Exchange by that time was around $65.5 per barrel.

U.S. commercial crude oil inventories fell 5.8 million barrels in a week to 415.1 million barrels as of June 20, 2025, the Energy Information Administration said. The current level is 11% below the five-year average for this time of year.

Oil production increased by four thousand barrels per day over the week, to 13.435 million barrels per day. On average, oil production in the US over the past four weeks has amounted to 13.426 million barrels per day, the review also says.

The United States and Iran are discussing returning to the negotiating table to reach a comprehensive peace deal, US special envoy Steve Witkoff told Fox News. He said the discussions were "promising" and the US was "hopeful".