Ruble stabilizes in the evening waiting for news from USA

Ruble stabilizes in the evening waiting for news from USA


The dollar calculations “tomorrow” to 18.15 Moscow time has risen to 70,02 ruble, Euro – ruble to 76,53.

MOSCOW, 16 Dec. Dmitry Mayorov. The ruble against the dollar and the Euro on Wednesday evening has stabilized slightly below the levels of the previous close.

Market activity decreased in expectations that the U.S. Federal reserve on the discount rate.

The dollar calculations “tomorrow” to 18.15 Moscow time has risen on 0,08 ruble — to 70,02 of the rouble, the Euro rate by 0.11 ruble to 76,53 ruble, follows from the data of the Moscow exchange.

Waiting for the fed

The ruble against the dollar and the Euro during the trading fluctuated in negative territory. Uncertain dynamics of oil market of about $ 38 per barrel of Brent crude did not give reasons for the action.

In anticipation of the fed’s decision on rate markets have established some calm. Oil has moved away from local lows up to about $ 2 per barrel, and it helped the rouble on Tuesday to grow slightly from four-month lows reached this week.

Some support for the ruble gave hopes to reduce the geopolitical risks of investing in Russian assets.

The Prime Minister of Italy Matteo Renzi believes that sanctions against Russia will be revised – “not in the next few days, but in the coming months.”

Hope for the positive and strengthen the negotiations of Russian President Vladimir Putin and U.S. Secretary of state John Kerry in Moscow.

As a result, the dollar and the Euro added up to 20 cents on the background of the small volume of currency trading.

Forecasts and recommendations

The market paradox is that the movement of ruble pairs there is not a single catalyst but the risk – a lot, says Dmitry Gurkovsky from RoboForex.

“Tonight will be known the decision of the U.S. Federal reserve, tomorrow, Russian President Vladimir Putin will communicate with the country in a press conference. News will be more than enough, the market reaction would be severe, and drivers — justified. For the U.S. dollar’s trading range on Thursday — 69,60-RUR 72.50”, he said.

The ruble remains under-reacts to negative dynamics of oil quotations, said Ivan Kopeikin from “BCS Express”.

“The strength of the Russian currency is partly explained by the beginning of the tax period in the country, as well as the fact that the increase in rates in the U.S. will have a minimal effect on the Russian economy due to its low debt burden, as well as sanctions. The overall picture is rather contradictory, and very much depends on the fed’s decision on rate and subsequent comments of the head of the regulator,” he added.