Tuesday, October 31, 2017

The limit of the ruble - 60 rubles. per dollar

The limit of the ruble - 60 rubles. per dollar

According to some
Russian analysts, the dollar exchange rate
may fall to a maximum level of 60 rubles., because a stronger ruble appreciation hurt
The Bank of Russia. Since the beginning of the week the US dollar fell
currency trading around 4 rubles, and now to a pair 16:54
USD / RUB fell on
2.2% - to a level of 62.059. Euro at this point
I traded for 69.69 rubles. (A pair of EUR / RUB
decreased by 2.08%).


On Wednesday, Russian
the national currency continues to strengthen
due to higher oil prices, - says
analyst "Uralsib Capital" Irina
Lebedev. Since the beginning of the month barrel of Brent
rose by more than 10%, but only for
yesterday's trading day quotes
increased by 5.42% and for the first time since late August
crossed the mark of $ 50 per barrel.
Today futures for Brent
trading at
$ 52.88 (+ 1.84%).


The whole of September prices
oil were too low, he says
Sberbank CIB analyst Vitaly Ermakov. Recent
growth of quotations provoked a short-term
forecast energy management
US data that is expected to grow
consumption as well as the reports of the American
Petroleum Institute of reducing inventories
US 1.23 million barrels. Although these
Data was nothing fundamentally
new, market participants seem to have realized,
that the increase in US oil production all
longer slowed. If oil continues
rise in price, and then, the ruble will
fluctuate around the level of 60 per dollar,
- convinced the analyst of KIT Finance Broker
Anna Ustinova. at this level, however,
the game can join the Bank of Russia,
she warns. Likely,
ECB will resume buying
currency on the domestic market to replenish reserves at such a price and currency
against the background of stable oil prices.


But analyst "Opening
Broker "Andrey Kochetkov says
Soon the dollar will fall to 58-59
rub. The ruble is not only supports
rising oil, but demand for debt
instruments in rubles. Demand growth in the
Ruble Bonds says that
participants expect further reduce
the key rate, - adds the analyst.


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