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18 of August, 14:02

Ruble drops amid falling oil and reached the lowest level against Euro since February


MOSCOW, Aug 18 - RIA Novosti/Prime, Elena Lykov. Ruble in afternoon trading Tuesday continues to fall against the dollar amid low oil quotes have already upgraded at least to the Euro for the first time since February 13.

The weakness of the ruble, analysts attribute the low price of oil and the growing tension in the Donbass.

The dollar calculations "tomorrow" to 13. 37 MSK grew from its previous closing 13 kopecks and amounted to 65, 64 of the rouble, the Euro Rate subject to strong volatility and increases by 3 kopecks to 72, 61 ruble (day rose to 73, 05 ruble and then fell by 5 kopecks below the level it was last closed), follows from the data of capital exchange.

October futures for oil of mark Brent has fallen by 0, 45% to 48, 52 dollars per barrel (day fell to 48, 25 dollars per barrel).


The ruble rose by a decrease to basic involutum against the backdrop of low oil prices. Then the European currency was gaining strength, and the Euro broke the mark of 73 rubles, But could Not resist and dropped to 72, 5 rubles.

After braking the momentum of falling oil prices, the Ruble has also slowed the fall to major involutum and practice regained his place in relation to the Euro. Anyway, analysts believe that the situation is Not as long as in favor of the domestic currency.

Not surprisingly, says Irina Rogova from Forex Club, as in the South-East of Ukraine is heating up again, the situation that recalls the events of the autumn of last year." Rising geopolitical tensions at this stage will clearly play into the hands of Russian currency, " she adds.

in addition, the prices of petroleum products are held on against low levels, finding catalysts to return at least to the level of 50 dollars per barrel of Brent, the analyst adds.

"The fact that investors expect a seasonal decline in demand from oil refineries in the United States in connection with a suitable by the end of the vacation period and That keeps them from buying the asset. Thus, the significant reasons for the increase in the ruble is not, " concludes Rogova.


it is possible that it will be possible to see further Growth of quotations pair dollar-Ruble in the territory of 66, 46 and, further, to 67, 00 rubles per dollar, Rogov believes. But if the fall of the ruble will occur and then there is the probability of intervention of the Central Bank to stabilize the situation and prevent the strengthening price pressures, she adds.

However, as recalled by the head of Directorate of financial institutions and investment services of the Ural Bank for restoration and development (UBRD) Vladimir Zotov, the first day of the week, the Russian presidential aide Andrei Belousov said that the current volume of currency reserves of Russia does Not give the opportunity to support the ruble, and the only lever of influence of the Central Bank remains the key rate.

"This means that the resources to provide the possibility of open market operations to maintain the ruble will be substantially limited (if Not overruled). So, the risks of further weakening of the ruble against the dollar and the Euro are deemed to be high, " says the specialist.

To reduce the pressure on the Russian currency have the opportunity of sale of foreign currency earnings from exporting due to the necessity of the payment of taxes, he adds.

Expected trading range on Tuesday - 66, 05-65, 60 rubles per dollar, predicts expert. The reference rate for the dollar-the Ruble on Tuesday - corridor 65-66 rubles, says Georgiy Vaschenko from the organization " freedom Finance ".


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