Ruble falls ahead of Central Bank foreign exchange market
Russian ruble in the beginning of the next week of January weakens to a basket of currencies. The U.S. dollar is worth 67,20 RUB and rises in price 0.5%. Euro rises of 0.5% and is estimated at RUB 77,05 rates of the Central Bank of the Russian Federation on Tuesday, January 15, as follows: 67,19 RUB per U.S. dollar (increased by 28 cents) and 77,06 RUB per EUR (reduced 6 cents).
What now irritates participants trading in the currency section? Correction in oil and tomorrow is “the day” for the ruble – will there be CBR on the open market with foreign currency purchases? Asian markets are in the red by mid-day, a barrel of Brent crude dropping 1.4% and costs $59,63. While oil prices are expected to trade in the further development of events will depend on news and statistics. Next support for oil is at $59,50, under it – $of 59.10.
As to the second factor – plans of the Bank of Russia – then there is no information more precise than appeared previously. The regulator in December said the intention to start to buy foreign currency (dollars, specifically) in the market in favor of the Ministry of Finance announced date – January 15. No further details on this market there: the unknown is annoying and a weakening ruble.
There’s no word yet whether the Ministry of Finance to carry out this week’s auctions on placement of OFZ – that year they did not exist. In General, the external environment is estimated average, been worse, so we can expect from the Finance Ministry offers OFZ 10-15 billion rubles in average.
The US dollar to close Monday in the range of 67.00-67,50, the Euro will end the session within the boundaries of 76.80-77,45 RUB.
Senior analyst at information-analytical center,