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10 of March, 18:31

The ruble losing ground to the dollar and the Euro After falling oil

MOSCOW, 10 Mar RIA Novosti/Prime, Dmitry Mayorov. The ruble Tuesday night is significantly reduced by the dollar and the Euro on the background of falling oil prices.

The dollar calculations "tomorrow" to 18. 00 GMT increased by 1, 3 rubles - to 61-75 of the ruble, the Euro - 0, 98 ruble, 66, 45 rubles of capital data exchange.

The Brent oil price for this hour has decreased by 2, 3% to 57, $ 2 per barrel.


The ruble during Tuesday was trading mostly in the red. In the first part of the day was marked by attempts to continue improving. In the end, the Euro inertia updated at least Since the end of December 2014. The dollar was stomping around the minimum values Since the beginning of January.

it is possible that the strengthening of the ruble was supported by a major order for the implementation of foreign exchange, say officials.

However, in the middle of the day Ruble returned to the decrease, which is then strengthened amid falling oil prices in the territory of 57 dollars per barrel for Brent. Negativity has added a large (up to 10 dollars per barrel) the gap between the prices of Brent and WTI (last slipped below $ 50 per barrel).

oil prices negatively affected by reduced demand from China, the second largest consumer of oil in the period of New year celebrations in February. In addition, Libya is planning this week to ship more than 2 million barrels of oil from Eastern ports, where production exceeded 245 thousand barrels per day.

The ruble came under pressure from these factors, which is intensified by the fact that players recorded a profit by buying depreciating dollars and euros. Since the beginning of March, the Dollar and the Euro lost 3, 5 and 5 rubles, respectively.

finally on Tuesday, the single currency is returned about 1 ruble each. On the background of the fall of the Euro on the Forex market to new multi-year lows (in territory 1, 07 dollar, the European currency rose against the ruble to a lesser extent than the us.



If the U.S. Federal reserve and the Central Bank of the Russian Federation are Not based on current and medium-term inflation expectations, then you should expect a quick decrease of the yield spread between the key interest rates in the United States and the Russian Federation, estimates Sergey Kochergin from the organization Exness.

"Possible reduction of up to 13% key interest rate in Russia will lead to the weakening of the Russian currency against the dollar more than than 1, 2 roubles. Throughout the week, we expect the consolidation of the pair EUR/USD in a wide range 58, 5-62", he added.

One of the reasons for the decline of the ruble is strengthening of the American currency in the range of currencies in the Forex market, and at the same time oil futures fall, said Ani Kruz from the organization Lionstone Investment Services.

"The stabilization of the situation in the East of Ukraine and the uncertainty about future anti-punishment contribute to the stabilization of the Russian currency. In the near future cannot be ruled out return of the dollar to the recent minimum values close to 60 rubles, while the European currency may be reduced to 64 rubles ", - predicts it.

The rate of increase of long and short positions on the ruble indicate that the ruble investors still cautious, but expect a further strengthening of the Russian currency, said Yevgeny Gavrilenkov of the organization " Sberbank CIB ".

"If oil prices fall to around $ 55 per barrel, USD/USD May move to the level of 62. While we observed a strong resistance for the pair EUR/USD at 61, 80. If oil prices will Not decline further, the pair EUR/USD will remain in the range 60-61. The main potential for the increase of the rouble is expected by the end of March at the beginning of the tax payments, " says Gavrilenkov.

sections: Politics

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