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The ruble has slightly fallen, following oil during the session on Thursday

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The ruble has slightly fallen, following oil during the session on Thursday

The ruble has slightly fallen, following oil during the session on Thursday
October 20
15:00 2016

The Russian ruble is slightly falling on Thursday. This reflects the current dynamics of oil prices. Prices are being adjusted downwards after the sharp rise the previous day. This is a reaction to the decrease in oil inventories in the United States.

In the near future the Russian currency will be supported by the tax period. The market participants expect the sales increase of export revenues on October 25, which will become the peak of the tax period.

The uncertainty in the matter of the Fed’s decisions at the future meetings can counteract the strengthening of the ruble. The growing expectations of the interest rates hike on the US dollar works against the Russian currency.

To the beginning of the day the currency pair dollar / ruble calculations “tomorrow” was being traded at around 62.42 at the Moscow stock exchange. This is 0.2 percent higher than the last stock exchange prices on Wednesday. The index of 62.20 was reached on Wednesday. This happened for the first time over the week.

To the beginning of the day the euro calculations “tomorrow” was fixed near the mark of 68.44 rubles. This is 0.1 percent higher than the close of the previous session. A day earlier, the euro cost 68.17 rubles. This became the lowest price of the currency more than for a year on the stock exchange.

Brent crude oil is currently falling by 0.9 percent and is being traded near the mark of $ 52.17 per barrel due to profit taking.

At the financial markets the currency pair EUR / USD is being traded with a slight minus around the level of $ 1.0960. On the eve the pair fell to $ 1.0950. It is the first time from July 27.

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