Saturday, October 28, 2017

Ruble falls: the dollar above 64.3 rubles, the euro exchange rate above 70.9 rubles..

Ruble falls: the dollar above 64.3 rubles, the euro exchange rate above 70.9 rubles..

On Monday afternoon,
Russian ruble resumed its fall -
quotes are reduced with falling
oil prices. Thus, the first
It began trading on November weakening
Ruble. By 13:55 MSK pair USD / RUB
trading at
64.31 (+ 0.41%), and EUR / RUB -
at 70.95 (+ 0.91%). Brent at this time
It was trading at $ 48.81 (-1.5%) per barrel, and
futures for WTI - about $ 45.8 (-1.7%).


On Friday, oil
quotations noticeably stronger after
to reduce the number of existing reports
drilling rigs in the United States, where the market
I thought about the probable decline in production
the coming months. In addition, in October
quotes supported the Fed hints about
the possibility of increasing rates on
December meeting. But the belief in growth
the world economy quickly disappeared,
the rise was too short.


Today, the fall in
markets occurred after the publication of
China's official PMI index for October
- the indicator showed a decline, and it
It means that the Chinese economy continues
slow down.


market expectations
face the reality, so
investors often react very violently
on the economic reports. this week
It expected a large block of statistics -
PMI (eurozone, US), and labor market data
in USA. Last Friday
Bank of Russia's decision to almost nothing
It did not affect the Russian currency,
although on the basis of trading the ruble and raised -
but he did it for the most
least due to the increase in oil prices and
weakening of the dollar against foreign currencies.


According to some
Russian analysts, the ruble may
During the day, to show a moderate strengthening
- to the level of 63.50 against the dollar, and if
this happens, the further goal
will be lows of last week - 62 rubles.
per dollar. But this requires a positive
the dynamics of oil prices.


No comments:

Post a Comment