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28 of July, 19:27

The ruble has updated the local minima due to geopolitics and the case of Yukos
Dmitry Mayorov. The ruble against the bi-currency basket in the first day at evening fell, and in the bidding process to update the lows from mid-may. Fears of new sanctions against the Russian Federation and the decision of the court of Arbitration in the Hague on the Yukos case has increased the game against the ruble.

The dollar exchange rate calculations " tomorrow " to 18. 36 GMT increased by 40 kopecks to 35, 53 of the ruble, the Euro grew by 56 cents to 47, 74 ruble, follows from the data of the capital market. The cost of the currency basket (0, 55 dollars and 0.45 euros) grew by 47 kopecks in comparison with level of the last closed and was 41, 02 ruble.

The dollar before in the bidding process had risen to 35, 56 ruble - highest since may 6, EUR - up to 47, 78 roubles (maximum of 4 June). The basket has risen to 41, 06 ruble - highest since may 12.

The dollar exchange rate calculations " today " on the first day of the week increased by 35 cents to 35, 42 of the rouble, the Euro Rate on 31 kopecks, to 47, 52 roubles.

The Euro on the Forex 18. 34 MSC was 1, 3437 dollar against 1, 3429 dollar at the previous closing.


The ruble in the first day of the week immediately with the opening of trades came under pressure geopolitical risks. The US maintains a tough stance on Russia in connection with the conflict in the Ukraine and the investigation of the fall of the Malaysian Boeing in the East of Ukraine.

in addition, players are waiting for the decision of the EU on sanctions. The head of the USA Barack Obama will discuss in the first day of the week the situation in Ukraine with the leaders of Germany, France, great Britain and Italy. It is supposed, that will be discussed fresh penalties against Russia and coordination between the USA and the EU.

However, the German government stands for sectoral punishment towards Russia, said German Federal government Commissioner Christiane Wirtz.

The negative for Russian assets in General and of the ruble for example was the decision of the Arbitration court in the Hague, which are not fully satisfied the demands of the former shareholders of Yukos and obliged the Russian Federation to pay them $ 50 billion - half that required the plaintiffs.

The decision is seen as a kind of barometer of relations of Europe to Russia now, says Cole Axon from the organization Sberbank KIB.

against this backdrop, the Dollar strengthened above the level 35, 5 ruble and the Euro went to the mark 48 rubles.


Trading week the Russian currency was quite expected decrease on a background of strengthening of external pressure and tension around Ukraine, summarized the analyst organization Lionstone Investment Services Ltd Alexander Grishanov.

" The high likelihood of imminent introduction of a new package of sanctions from the EU, which additionally will be discussed on July 29, capable to cause a new wave of purchases of foreign currency, making the Dollar in the near future may continue to grow - up to 36 rubles, and Euro to reach $ 48 rubles, " he forecasts.

" this adds confidence to the holders of Russian assets surfaced in 10 years the Yukos affair, which threatens the Russian Federation to give up 10, 5% international reserves. After the breakdown of the pair USD/RUB resistance 35, 25 began testing the world's reserve foreign money mark, 35, 50, " added Sergey Kochergin from the organization EXNESS.

The chance that before the end of July, the EU will take the American format punishment, continue to grow, says Evgeny Koshelev of ROSBANK." However, even in this scenario, we expect a minimum short-term damage, transformation which in the long-term risks will be depending on the further development of the gravity and the urgency of action adopted the ban, " he added.

sections: Politics

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