The ruble against the dollar was traded in the evening near the low of the year on weak oil

The ruble against the dollar was traded in the evening near the low of the year on weak oil


According to the Moscow exchange, the dollar calculations “tomorrow” increased to 73,31 ruble, the Euro – to-79,93 of the ruble amid falling oil prices Brent below $ 37 per barrel.

MOSCOW, 30 Dec. Dmitry Mayorov. The ruble against the dollar and Euro in the evening significantly lost positions against the background of lower oil prices below $ 37 per barrel of Brent.

The dollar was fixed above 73 rubles — near the highs of the year, the Euro – about 80 rubles.

The dollar calculations “tomorrow” to 20.10 Moscow time has risen on 1,11 ruble — to 73,31 ruble, Euro — ruble 0.93 — 79,93 to ruble, follows from the data of the Moscow exchange.

Oil is not haunted

The ruble against the dollar and the Euro during the session on Wednesday traded in the red, practicing weak dynamics of the oil market, which again fell in the area 36.5 ruble per barrel of Brent amid weekly data on the dynamics of energy reserves in America.

Commercial oil reserves in the country (excluding strategic reserves) for the week ending December 25, rose by 2.6 million barrels, or 0.5% to 487,4 million barrels. Analysts, on the contrary, had expected the index decreased by 2,457 million barrels — up to 482,343 million barrels.

Oil production in the U.S. last week, according to the Ministry, rose 0.25%, or 23 thousand barrels per day — up to 9,202 million barrels per day. The oil reserves in the country’s largest terminal Cushing (Cushing) has increased by 0.9 million barrels to 63 million barrels.

Gasoline inventories in the U.S. rose by 0.9 million barrels, or 0.4%, to 221.4 million barrels. Analysts had expected growth rate at 0,896 million barrels. Distillate inventories increased by 1.8 million barrels, or 1.2%, to 153,1 million barrels. Analysts predicted that this indicator will increase by one million barrels is 0.998.

Thus, the pressures on the price of “black gold” remain. This helped the dollar to go on the last trading day of 2015 on the highs – above 73 rubles. The Euro continued to assault the psychologically significant mark of 80 rubles.

The price of oil trying to stay near the level of 2,7 thousand rubles.

Forecasts and recommendations

At the end of the year the ruble is little reason for the consolidation, says analyst “Discovery Broker” Andrei Kochetkov.

“Oil is a step away from the lows for 11 years, the Central Bank increases the foreign currency liquidity of the system before the holidays, the demand for foreign currency from tourists. Even temporary bracing in the form of a tax period already came to an end. So before the long weekend market participants are prepared to continue the rout in the oil market and further weakening of the ruble”, — he added.

On the pair dollar/ruble formed a figure of technical analysis, signaling further growth, evaluates Mikhail Krylov from the IR “Golden Hills — Kapital AM”.

“If in 2014, the volume of trading pair dollar/ruble fell below $ 1 billion when driving above 63,5, in 2015, at levels of around 73 rubles per dollar trading volume is about $ 3 billion, and it seems that this is not the limit,” he says.

From the point of view of the microstructure (the ratio of volume and price), the main result was confirmation of the upward trend of the US currency against the Russian ruble, adds wings.