The cost of the February futures of Brent crude bounced up from the level of 30,4 USD per barrel and tests the 31 dollar, against this background the dollar on Tuesday, down 0.08 of the rouble, the Euro rate by 0.15 rubles.
MOSCOW, 12 Jan. Dmitry Mayorov. The ruble during the day compensated morning losses and left in plus on the background of attempts oil prices to correct upwards, dealers said.
The cost of the February futures of Brent crude bounced up from the level of 30,4 USD per barrel and tests the 31 dollar.
The dollar calculations “tomorrow” to 13.03 GMT was down 0.08 ruble — to 76,13 of the ruble, the Euro by 0.15 ruble — to 82,63 ruble, follows from the data of the Moscow exchange.
Earlier Tuesday, the dollar had already risen to 77,041 ruble and Euro to ruble 83,85.
The ruble exchange rate in early trading continued to update local minima. The collapse in oil prices the February futures in the region of 30 dollars per barrel for Brent oil has led to the updating of the maximum dollar from December 2014 – above 77 rubles. The Euro closely (not enough 15 cents) reached $ 84 rubles, above which he was not also from December 2014.
The main pressure on the oil market had continued concerns about the state of China’s economy, the weakening of which may increase pressure on prices due to imbalances in the global oil market is in high volume production.
However, oil has not yet become a descent punch to round the level and tried to adjust around 31 dollar per barrel. It helped the rouble to win back the lost positions and to leave in plus to the test.
However, the rouble remains fairly stable to lower crude oil market. Falling prices of black gold against the dollar in recent times is faster than the weakening of the ruble to the us dollar. In the end, Brent is already less than 2.4 thousand rubles, which is a long-term minimum.
In 2015, noted a steady tendency to decline from the level of 3.8 thousand rubles, which indicates some adaptation of the currency market of the Russian Federation to the weak dynamics of the oil market.
In the currency market there is no panic, despite a noticeable weakening of the ruble, and is now a major factor in the relative stability of the market, says Georgy Vashchenko from IR “freedom Finance”.
“In the evening the most likely correction in the USD-down USD — in the area 75 — of 75.50, EUR-USD — 82 — 82,50”, he added.
In order for the dollar did not rise above 77 rubles, exporters must sell the currency, says Tom Levinson from the company “Sberbank CIB”.