Dollar falls across the market, the ruble forced to retreat

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Tuesday, may 15, at the end of the trading session on the Moscow exchange rate of the us dollar calculations “tomorrow” increased by 46 kopecks (+0,76%), to 62,32 Euro fell by 2 kopecks (-0,02%) to 73,76 RUB Trading volume in the pair dollar/ruble amounted to $5.5 billion (+103,70%), and Euro/ruble – 412,4 million euros (+74,37%).
The Bank of Russia on may 16, set the official rate of the US dollar against the ruble at the level of 61,9164 RUB that above the previous close of 14.80 kopecks on the Official Euro to ruble exchange rate was set at around RUB 73,8601 compared to the previous value rate below by 8.29 COP.
At the end of trading, the dollar cut losses against the Russian currency, which he suffered during a rally in oil prices after the us withdrawal from transactions with Iran.
The strengthening of the American currency on the Forex market began in the European session and strengthened after data on retail sales in the United States. Traders bought the dollar as the yield on ten-year bonds reached 3,095% and was the highest since 2011.
During the strengthening of the U.S. dollar decreased the oil price, so the buyers of the dollar have managed to raise the rate to 62,77 RUB Against the single currency, the ruble has closed in positive territory as the Euro was subjected to the sale on the Forex market.
The dollar recovered to the price gap (62,58-of 63.23 USD), which was formed after may 10, the may 9 holiday. If the price returned to him, then the next two days it will rise to RUB of 63.23 and close it. A similar situation is expected from the Euro/ruble. “Eurobulls” we need to close the gap 74,50-75,00 RUB the RUB Levels of 63.23 per dollar and per Euro 75,00 RUB remain target levels of ruble pairs for the current week.
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Vladislav Antonov,
Analyst
Alpari