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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

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