Russian Information Network
Russian All News Top 10 News News Export Photo magazine All comments
 Russian News Russian News 
Politics
Society
Economics
Accidents
Nature & Health
Hi-Tech
Culture
Sport
Celebrities
World News
 


  Politics 
7 of August, 14:00

The ruble remains under pressure uncertainty of the oil market


MOSCOW, Aug 7 - RIA Novosti/Prime, Dmitry Mayorov. The ruble in the first part of the day proceeded to reduce on the background as long as unsuccessful attempts of oil to gain a foothold at the level of 50 dollars per Barrel of Brent.

The dollar calculations "tomorrow" to 13. 06 MSK grew from its previous closing at 0, 23 ruble To 64, 25 rouble, the Euro Rate at 0, 30 rubles, 70, 21 ruble, follows from the data of capital exchange.

A barrel of Brent crude oil is trading around 49, $ 2.


The ruble on the last working day of the week has switched from increase to decrease After the price of oil, which Until didn't stay at the key level of 50 dollars per Barrel of Brent.

Traders await the July statistics on the U.S. labour market (will be released on Friday). Analysts predict the level of unemployment in the United States in July at around 5, 3% and an increase in the number of jobs in nonagricultural sectors of the economy to 225 thousand.

The growth in the number of jobs in non-agricultural sectors may indicate the expansion of the retail demand in the short term. Strong statistics should help the sentiment on the market because of excess supply in the market in the last few months was the strongest deterrent.

on the background of fluctuations in the cost of oil, the ruble continues its movement, repeating the dynamics of the value of " black gold ".


External background, which Western markets and expectations the publication of data on the U.S. labour market for July to have the opportunity to make adjustments, says Dmitry Savchenko from Nordea Bank.

"Before the publication of key statistics in the United States the Ruble can be traded in a sideways range. If stats will be better than expected, which is Possible, then the dollar may add to the increase in the probability of growth rates by the fed. If we talk about medium-term trends, with the stabilization of oil around $ 50 a Course can return to 60 rubles. But Until then, the volatility can be high, " he added.

The ruble in the medium-term cut looks Not much worse than their peers, says Vladimir Evstifeev from the Bank " Zenit ".

"in practice, during the period from January of this year it has grown rapidly, And is being adapted, under the pressure of oil prices. Do not forget about the Ukrainian factor, which is specific to the Russian Federation. But the weak economy is a common feature of most emerging markets that are facing a mass Exodus of foreign capital and declining raw material", he said.

Internal drivers for the ruble at an oil price below $ 50 per Barrel are missing. In the current situation, the Ruble is tied to the behavior of oil prices and other factors of its dynamics, Not to distract. A positive point is that on the local currency market there is no panic, market players coolly adjust the Price of the ruble After oil. The range of the price per barrel in 50-45 $ matches the dollar 63-68 rubles, 55-50 $ 58-63 of the ruble, " said Evstifeev.

"If the price of a barrel of oil will return to a more comfortable for the Russian budget Range 50-60 dollars, we support have the opportunity to perform and Internal factors: the surplus on the current account, high rate on assets denominated in ruble, still in relation to the high level of international reserves," - said the expert.


sections: Politics

123727
eng
ON THIS THEME:
[View all comments] [Print]
  User Comments 
[Add comment]

There are no comments for this article yet. Be first to post a comment!
[Add comment]
  Headline 
Russia expressed its tough stance on Catalonia Russia expressed its tough stance on Catalonia

12 of October, 09:06

The Ministry of foreign Affairs of the Russian Federation clearly expressed our country's position on the referendum in Catalonia.

  Worth to read 

  Politics 
Sort by: date rating
Trump was accused of reckless behavior and the outbreak of nuclear warTrump was accused of reckless behavior and the outbreak of nuclear warBetween Turkey and the United States began a diplomatic warBetween Turkey and the United States began a diplomatic war
The Syrian military has identified the supply of arms from the US to terroristsThe Syrian military has identified the supply of arms from the US to terroristsDefense Ministry: terrorists in Syria are trained in the area of responsibility of the USDefense Ministry: terrorists in Syria are trained in the area of responsibility of the US
Lavrov ripped the mask from the face of the USALavrov ripped the mask from the face of the USAVideoconferencing decapitated by terrorists in SyriaVideoconferencing decapitated by terrorists in Syria
Russia blamed the problems of Spain with CataloniaRussia blamed the problems of Spain with CataloniaLawmakers want to shorten the new year holidays RussiansLawmakers want to shorten the new year holidays Russians
The foreign Ministry reported another illegal action of the US intelligenceThe foreign Ministry reported another illegal action of the US intelligenceFor the separation of Catalonia from Spain voted 90% came to the pollsFor the separation of Catalonia from Spain voted 90% came to the polls
Zakharov gave a harsh response GrybauskaiteZakharov gave a harsh response GrybauskaiteThe U.S. refuses to admit guilt for the death of a Russian GeneralThe U.S. refuses to admit guilt for the death of a Russian General
North Korea will take "superrigidity countermeasures" against the United StatesNorth Korea will take "superrigidity countermeasures" against the United StatesEmployee of the state Department: sanctions against Russia are not workingEmployee of the state Department: sanctions against Russia are not working
The United States was in a deadlock in the situation with North KoreaThe United States was in a deadlock in the situation with North KoreaRussia and Belarus began teaching West 2017Russia and Belarus began teaching West 2017
The Russian foreign Ministry expressed a negative attitude to the new Ukrainian law on educationThe Russian foreign Ministry expressed a negative attitude to the new Ukrainian law on educationAt the weekend, Lavrov visited Saudi ArabiaAt the weekend, Lavrov visited Saudi Arabia
The US government is developing schizophreniaThe US government is developing schizophreniaPutin puzzled with his answer about the participation in elections of 2018Putin puzzled with his answer about the participation in elections of 2018
 1  2  3  4  5  6  7  8  9  10 >> 5218
 Day headline Day headline 
The inspector of traffic police will cease to take away the rights of drivers

18 of October, 12:50

The inspector of traffic police will cease to take away the rights of drivers
 
 News of the week News of the Week 
  • The Ministry of communications of Russia promises the abolition of international roaming
  • State Duma Deputy offers to cancel the new year holidays
  • The inspector of traffic police will cease to take away the rights of drivers
  • Brawler Pavlensky sent in a French madhouse
  • If you have music get goosebumps. that you are special
  • McDonald's is testing an unusual way to get visitors to communicate with each other
  • Telegram in Moscow awarded a penalty almost on one million roubles
  • The native of Makhachkala saved four children and mother from the gas trap
  • The Russian made a tattoo on your face
  • Smokers to ban Smoking at entrances

  •  Photos Photos 
    Top 10 Expensive Cars in the World 2010
    Britney Spears` New Love
    Life is a beach for topless stars
    Kylie Minogue has stripped off for a new campaign
    How to revive your sex drive
    Virtual Visiting Cards
    Tests
    Game Server


     News by regions News by regions 
    Far East region
    Volga region
    North-West region
    Siberian region
    Ural region
    Central region
    Southern region

     Subscribe Subscribe 
    Name  
    E-mail   
    Type HTML TEXT
    All sections
    Politics
    Society
    Economics
    Accidents
    Science & Technics
    Culture
    Sport
    In the World
    Top 10 today
     once per 3 hours
     once per 6 hours
     once per 12 hours
     once per 24 hours


     
     
     
    Politics Society Economics Accidents Nature & Health Hi-Tech Culture Sport Celebrities World News
      Copyright © RIN 2005-2006 * Feedback