According to the Moscow exchange, the dollar calculations “tomorrow” increased to 66,27 of the ruble, the Euro – to 70,21 of the ruble amid falling oil market.
MOSCOW, Nov 27. Dmitry Mayorov. The ruble against the dollar and the Euro on Friday night has decreased to the levels of the previous close.
Geopolitical risks, the decline of the oil market and the weakness of the Chinese market put pressure on the ruble.
The dollar calculations “tomorrow” to 19.52 GMT rose 0.43 ruble — to 66,27 of the rouble, the Euro rate by 0.33 ruble to 70,21 ruble, follows from the data of the Moscow exchange.
Ruble under pressure
The ruble against the dollar during the session on Friday, faltered in the red. Uncertain dynamics of oil market, balancing around the level of 45 dollars per barrel of Brent, did not give reasons for its growth.
Pressure was put by weak statistics and the profit of industrial enterprises in China, which in October showed a fall of 4.6% on the year vs. decline for 0.1% in the previous month.
In addition, before the weekend the players were in no hurry to buy the rouble against the major reserve currencies because of fears about the escalation of tensions in Syria.
Turkey, according to media reports, has suspended flights over Syria, but over the weekend may be events, which play on the market will not be possible, they reasoned dealers.
Forecasts and recommendations
A key factor for the ruble still remains the price of oil, says Dmitry Gurkovsky from RoboForex.
“Next week will be a lot of emotion, price movements and volatility. The trading session on Monday the dollar will hold in the range 65,95-66,65 ruble, the Euro will potorguemsya within marks 69,90-70,50 ruble,” he said.
Today the only news worth mentioning, it is the decision of the Central Bank of the Russian Federation on the resumption of the auction REPO transactions in foreign currency for a period of 12 months from December 14, according to Alexei Mikheyev from the Bank “VTB 24”.
“However, the rate (premium to LIBOR) increased by 0.5 percentage points, with 2.5 to 3.0 percentage points. Apparently, the Central Bank thus wants to insure in advance in case of occurrence of any extraordinary demand for foreign currency due to a possible fed rate hike on December 16. However, now it is not so important, and it is unlikely this measure will stop the ongoing decline of the ruble”, — says Mikheev.