The ruble has transitioned to a decrease of uncertain dynamics of oil market

The ruble has transitioned to a decrease of uncertain dynamics of oil market


The price of Brent crude oil day away from local maxima. As a result, the ruble began to be adjusted downward, and the dollar once again returned its round level of 70 rubles, Euro – 77 rubles.

MOSCOW, 24 Dec. Dmitry Mayorov. The ruble on Thursday afternoon went on to decline against the backdrop of suspension growth oil. Dollar and Euro back round levels of 70 and 77 rubles, respectively.

The dollar calculations “tomorrow” to 13.34 MSK increased by 0.52 ruble — to 70,32 roubles, the Euro rate — 0.95 ruble — to 77,13 ruble, follows from the data of the Moscow exchange.

Around 70 rubles per dollar and 77 per Euro

The ruble against the dollar and Euro on Thursday afternoon fluctuated without any trend. So, in the morning the Russian currency continued to strengthen on inertia of the medium.

The attempts of the oil price out to around 38 dollars morning supported the strengthening of the ruble. However, these attempts had no success, the day oil went down from local maxima. As a result, the ruble began to be adjusted downward, and the dollar once again returned its round level of 70 rubles, Euro – 77 rubles.

Forecasts and recommendations

On Friday, the Russian companies pay mineral extraction tax and VAT, in connection with than on Thursday we may also see some offer of currency from exporters, says Maxim Korovin of “VTB Capital”.

“However, overall trading activity in the remaining before the New year, the days will gradually decrease. The main factor for market dynamics of prices for oil” — he added.

The strengthening of the ruble may continue on the sales of foreign currency by exporters, while few buyers now, says Ildar Rezyapov from the Bank “Globex”.

“So maybe the decline of the pair USD/USD to the area of 68,70 and even below. Of course under the condition that oil will resume its decline. But in case of a return of oil below $ 37 per barrel, the US dollar growth against the ruble much higher than 70 should not be expected”, he added.

The average price of a barrel in rubles by the end of 2015 amounted to 3250 rubles per barrel (compared to 3750 rubles in 2014), signaling, oddly enough, if not to take into account dynamics for the remaining goods, the relative strengthening of the ruble in the current year, analysts estimate ROSBANK.

“Among the main reasons for such optimism is the decline in geopolitical tensions, the balance of foreign currency and ruble liquidity on the local market, as well as increased demand for ruble assets amid policy easing by the Central Bank of the Russian Federation”, — believe in the Bank.