In the evening, the ruble was traded in negative territory within the correction

In the evening, the ruble was traded in negative territory within the correction


The dollar calculations “tomorrow” to 19.49 MSK increased by 0.24 ruble – to 62,51 of the rouble, the Euro rate by 0.45 ruble to 71,14 ruble, follows from the data of the Moscow exchange.

MOSCOW, 13 Oct. Dmitry Mayorov. The ruble against the dollar and Euro on Tuesday evening dropped within the correction on the background of fallen around 50 dollars per barrel prices of Brent crude oil.

The results of the investigation of the causes of the disaster Malaysian Boeing in the East of Ukraine did not give cause for active play in the currency market in Russia.

The dollar calculations “tomorrow” to 19.49 MSK increased by 0.24 ruble — to 62,51 of the rouble, the Euro rate by 0.45 ruble to 71,14 ruble, follows from the data of the Moscow exchange.

Correction of the ruble

The ruble during the session on Tuesday traded in the red amid weak oil and concerns of players about the possibility of worsening of the geopolitical background.

Pressure on the price of oil, lowered it below 50 dollars per barrel, provided the calculations of the International energy Agency (IEA), which estimated that in 2016 the growth in global oil demand will slow to 1.2 million barrels per day with gain of 1.8 million barrels per day in 2015.

In addition, in September, OPEC continued to increase oil production — 0.11 million barrels per day, up to 31,57 million barrels. Thus, the cartel continues to own exceed the declared quota for extraction to 30 million barrels per day.

Additional pressure on the rouble was rendered by expectations of the publication of the report of the security Council of the Netherlands to investigate the causes of the collapse of the Malaysian Boeing in Eastern Ukraine, which could cause an increase in geopolitical risks.

However, reports from the Netherlands has had a strong impact on the market because of their neutrality.

Passenger Boeing 777 company Malaysia Airlines, crashed in Eastern Ukraine in July 2014, was shot down by a missile SAM “Buk”, which exploded on the left side of the plane, said the Chairman of the security Council of the Netherlands, Tjibbe Joustra. The type of missile and circumstances of the tragedy coincided with the conclusions of the concern PVO “Almaz-Antey”.

The security Council of the Netherlands stated that it needed further investigation to establish the place, where Boeing launched a missile. In addition, the Council considers that the Ukrainian authorities had a good reason to close the airspace over the country.

Against this background, the ruble fell again to a complete correlation with the price of oil and has played all of its oscillation. In the end, in the evening, the dollar and the Euro grew by a few tens of cents, the European currency showed stronger dynamics on the background of its growth in the Forex market.

Forecasts and recommendations

For the ruble it is important that the mark in 50 dollars for barrel survived, against this background, the rebound of oil back to local price maxima and, respectively, the growth rate of the ruble, said Alexei Mikheev from “VTB 24”.

The ruble will continue to fluctuate within a wide range of 63 to 67 per dollar, while maintaining oil prices near the $ 50 per barrel, says Vladimir Vedeneev of management company “Raiffeisen Capital”.

While the dollar against the ruble will gravitate toward the mark of 63.4, while the pair “Euro-ruble” aimed at a mark of 72.3, says Mikhail Krylov from the IR “Golden Hills — Kapital AM”.