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 
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 ".


sections: Politics

125219
eng
[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 
Hamas has announced its desire to extend the truce with Israel

1 of December, 00:15

Hamas is ready to extend the Truce in the conflict with Israel, AFP reports, citing a source close to the movement.

  Worth to read 
Anti-Russian sanctions hit hardest in the European Union, said the UN


Anti-Russian sanctions hit hardest in the European Union, said the UNPunishment imposed by Western countries against Russia, hit hardest in the European Union, said in an...
 In Thailand, the fear of repeated flooding of the cave where there are children


In Thailand, the fear of repeated flooding of the cave where there are childrenDiscovered in a flooded cave in Thailand, students ought rather to teach the use of scuba diving and...

Named the approximate time of construction of a bridge to Sakhalin


Named the approximate time of construction of a bridge to SakhalinThe construction of a bridge to Sakhalin could begin in 2021, said at the international geotechnical...
 In DVZHD called the approximate time of construction of a bridge to Sakhalin


In DVZHD called the approximate time of construction of a bridge to SakhalinThe construction of a bridge to Sakhalin, if it is decided to build, will begin in 2021 and will last...

In Salisbury two people were hospitalized because of "an unknown substance"


In Salisbury two people were hospitalized because of "an unknown substance"Law enforcement agencies in the English County of Wiltshire, said Wednesday morning on the "serious incident"...
 In the Swedish ö²rebro shooting occurred


In the Swedish ö²rebro shooting occurredIn the end a firefight in Orebro, 200 kilometers from Stockholm damaged citizens. About it reported in...

  Politics 
Sort by: date rating
Navigation was interrupted in the Suez Canal due to a stranded oil tanker under the flag of Singapore, Youm7 magazine informs, citing sources.Navigation was interrupted in the Suez Canal due to a stranded oil tanker under the flag of Singapore, Youm7 magazine informs, citing sources.
The German high-ranking delegation went to the United States to discuss the "Nord Stream-2", Bloomberg reports, referring to the Funke media group.The German high-ranking delegation went to the United States to discuss the "Nord Stream-2", Bloomberg reports, referring to the Funke media group.
The German high-ranking delegation went to the United States to discuss the "Nord Stream-2", Bloomberg reports, referring to the Funke media group.The German high-ranking delegation went to the United States to discuss the "Nord Stream-2", Bloomberg reports, referring to the Funke media group.
Borrell accused Moscow of aggressive behavior due to the expulsion of diplomats Borrell accused Moscow of aggressive behavior due to the expulsion of diplomats
Borrell accused Moscow of aggressive behavior due to the expulsion of diplomats Borrell accused Moscow of aggressive behavior due to the expulsion of diplomats
Social payments provided by the Pension Fund of Russia (PFR), increase by 4 and 9 per cent from February 1.Social payments provided by the Pension Fund of Russia (PFR), increase by 4 and 9 per cent from February 1.
Social payments provided by the Pension Fund of Russia (PFR), increase by 4 and 9 per cent from February 1.The source reported three attacks on security forces in St. Petersburg
Vladimir Putin paid homage to citizens of Russia with the new 2021 and said that this year the country passed with dignity, despite the difficulties.In Moscow delayed or cancelled hundreds of flights
In Moscow delayed or cancelled hundreds of flights In Moscow delayed or cancelled hundreds of flights
The Governor Wisconsin Tony Evers has certified the results of the presidential election and confirmed the victory of Democrat Joe Biden in the state.In Wisconsin confirmed the victory of Biden in the state
 1  2  3  4  5  6  7  8  9  10 >> 5929
 Day headline Day headline 
Hamas has announced its desire to extend the truce with Israel

1 of December, 00:09

 
 News of the week News of the Week 
  • Hamas has announced its desire to extend the truce with Israel
  • Hamas has announced its desire to extend the truce with Israel

  •  Photos Photos 
    Amy lad dead for 6 hours
    Life is a beach for topless stars
    Dark Rihanna is all bright
    Top 10 Richest Persons In The World Now
    Top 10 Richest Persons In The World Now
    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