The ruble has lost for three weeks: 65 for dollar, Euro for almost 72

The ruble has lost for three weeks: 65 for dollar, Euro for almost 72


The ruble will be able to win back the losses of recent days, if the results of the fed meeting investor expectations in the preservation of the key rate will increase, analysts say. The dollar calculations “tomorrow” to 20.25 Moscow time has risen by 2.1 ruble — to 65,12 ruble.

MOSCOW, 27 Jan. Courses of the ruble against the dollar and Euro in the evening fell by more than 2 ruble intensified amid lower prices in the oil market.

The passage of the peak of the October of the tax period in the Russian Federation has removed support for the ruble, and the statements of the Finance Ministry about the possible exhaustion of the Reserve Fund in 2016 added to the negative dynamics of the ruble.

The dollar calculations “tomorrow” to 20.25 Moscow time has risen by 2.1 ruble — to 65,12 rouble, the Euro rate — on 2,22 ruble to 71,88 ruble, follows from the data of the Moscow exchange.

During the day, the dollar rose to a 65,16 ruble (maximum since October 6), Euro to ruble 71,906 (maximum 14 October).

The ruble to three-week low against a basket

Courses of the ruble against the dollar and the Euro during the Tuesday session showed strong growth. The main reason for the collapse of the Russian currency was the decline in oil prices in the area of the lows from mid September to about $ 46.5 per barrel of Brent.

Pressure on oil prices support expectations of an increase of reserves of “black gold” in the United States, and the preservation of its oversupply in 2016.

Investors are awaiting the publication of weekly statistics of the U.S. Department of energy on oil inventories in the country. Analysts expect that this indicator increased by 3 million barrels to their 479,6 million.

In addition, the main tax payment October has ended, which removed support for the ruble against the major reserve currencies in the form of increased demand for rubles and high interest rates in the lending market.

Finally, the pressure on the ruble had the statements of the Russian Finance Ministry Anton Siluanov that in 2016 the Reserve Fund may be depleted due to the necessity of the execution of the budget, and further such resources at the Ministry to Finance the expected budget deficit will not.

In the end, in the evening, the dollar and the Euro rose more than 2 rubles each, which was not mentioned for several weeks. The value of the currency basket (0.55 dollar and 0.45 Euro) went on a three-week high.

The price of Brent crude oil was back above the key level of 3 thousand rubles per barrel.

Forecasts and recommendations

On Wednesday in the first half of the day, market participants will probably try to fix the dollar rate above 65 rubles, not forgetting, however, about the fed meeting, says Yuri Kravchenko from IK “Veles Capital”.

The survey

Do you think at what level to stabilize the ruble against the dollar?

  • the dollar will grow
  • 50-60
  • 40-50
  • the dollar will return to pre-crisis levels
  • I don’t have the $ for all I care

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