Dmitry Mayorov. The ruble on Tuesday afternoon has been adjusted down slightly after a steady increase yesterday, up to 1, 5-2 ruble against major reserve currencies.
Weak dynamics of oil market partially offset by market hopes to reduce geopolitical risks in the expected cooperation of Russia with the West in the battle against crime, say experts.
The dollar calculations "tomorrow" to fifteen. 23 MSK increased by 0, 26 - To 65, 53 rubles, Euro - at 0, 18 year, 69, 93 ruble, follows from the data of capital exchange.
The ruble against the dollar and the Euro during the first half of the trading session on Tuesday ranged slightly below the levels of last closing.
Confident growth of rouble yesterday (the dollar and the Euro fell by 1, 5-2 ruble) has prompted market players on Tuesday to lock in profits from appreciation of the Russian currency. Weak market dynamics of oil hovering near $ 44 per barrel of Brent, support the correction of the ruble.
anyway, with the upcoming peak of the tax period the demand for dollars remains high, and This restrains the growth of the dollar and the Euro against the ruble.
Verbal intervention is also slightly supported the Ruble. Inflation expectations in Russia remain high, said 1st Deputy Chairman of the CBR Ksenia Yudaeva. This indicates a high probability of maintaining a high key rate of the Central Bank, which is positive for the ruble, say analysts.
Finally, a definite positive for the ruble contain aspirations to improve Russia's relations with the West amid mutual fight against crime. The constructive proposals of the Russian Federation on the debt of the Ukraine and prepared to announce her default also have the opportunity to improve Russian-Western relations, is appreciated by specialists.
in the end, the price of a barrel of Brent in rubles confidently held below the key level - 3 thousand rubles that became a negative signal for the ruble, because with such a strong ruble is suffering the budget, and the Ministry of Finance, is likely to Express on this matter dissatisfaction, say market experts.
Expected at the beginning of winter, the increase in the proceeds rubles from the budget creates a certain pressure on the ruble. Expenditure from contingency Fund the Ministry of Finance of the Russian Federation in the beginning of winter will be much higher than in October and November, said Tuesday the Deputy Minister of Finance Maxim Oreshkin.
in addition, at the beginning of winter is expected to increase in the volume of repayment of foreign currency debts, which will also keep pressure on the Ruble, traders say.
The rouble received support on the back of higher demand for ruble liquidity from exporters who are preparing for tax payments (the peak of which falls on 25th November), says Irina Rogova of the Forex Club group of companies.
"anyway, to talk about the fact that the ruble will be for the long term, probably not worth it. Until then, as long as the oil will take the Course to strengthen, steady rise of the Russian currency does not have to wait, " said she.
the reduction of oil is alarming, but as long as the negative was not developed, and the pole not less active exporters in the tax period, the Ruble receives an additional portion of immunity to external stimuli, says Denis Davydov from Nordea Bank.
most likely, the dollar in the short term will remain in the designated first range: 65-67 rubles, he added.