Weak dynamics of the oil market has an impact on the ruble exchange rate. The dollar calculations “tomorrow” to 21.12 MSK increased by 0.21 ruble — to 66,85 of the rouble, the Euro rate decreased by 0.30 ruble — to of 71.70 ruble, follows from the data of the Moscow exchange.
MOSCOW, 13 Nov. The ruble against the currency basket (0.55 dollar and 0.45 Euro) on Friday evening slightly increased amid growth of Euro and decline versus the dollar.
Weak dynamics of the oil market and the relative stability of the rouble resulted in a reduction in the price of a barrel of Brent below 3 thousand rubles.
The dollar calculations “tomorrow” to 21.12 MSK increased by 0.21 ruble — to 66,85 of the rouble, the Euro rate decreased by 0.30 ruble — to of 71.70 ruble, follows from the data of the Moscow exchange.
The ruble weakens against the dollar and the Euro grows
The ruble against the dollar during the session on Friday remained under pressure due to weak dynamics of the oil market.
The unwillingness of OPEC to curb the growth of supply of “black gold” on the world market pushing the price down to the lowest levels since the end of the summer. Each member of the cartel on the words agree with quotas, one in fact is concerned at the retention of its market share and its capacity at the expense of other players.
Against this backdrop, the dollar has updated a maximum from the middle of September, rising to nearly 67 rubles.
At the same time, the Euro rate on Forex is decreasing in the district of 1.07 dollars, which leads to its weakening against the ruble. On Friday he fell and was unable to gain a foothold at the level of 72 rubles.
Friday support the ruble had the words of the head of the Bank of Russia Elvira Nabiullina. She said that the CBR is not a hard goal to build foreign exchange reserves. The reserves will be held in the period of monetary stability, Nabiullina added.
In addition, she ruled out the possibility denominations and the replacement of money, noting that the demand for cash at the end of the year is seasonal.
As a result, the price of a barrel of Brent fell below 3 thousand rubles, which is clearly not welcomed by the Ministry of Finance, since every ruble to dollar exchange rate stands for the budget of about 90 billion rubles a year, analysts estimate.
Forecasts and recommendations
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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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