Ruble rises against the dollar after the fed meeting
Russian ruble on Thursday continues to grow in a basket of currencies. On the one hand, the weak us dollar in distress after the dovish comments of fed allows it to grow. On the other hand, remains positive and in oil. The result to date, the U.S. dollar is trading at 65,31 RUB (-0,3%). Euro losing the same 0.3% and is 75,02 RUB rates of the Central Bank of the Russian Federation on Friday, February 1, as follows: 65,35 RUB per U.S. dollar and the Euro 75,20 RUB. Both evaluations is reduced by 26 and 37 cents, respectively.
On the market do there are buyers and they are quite active. The commodity sector remains in the green zone to the middle of the session. Brent adds 0.7% and is trading around $61,97. Data released yesterday by the US Department of energy showed that crude oil inventories rose last week by nearly 1 million barrels, while stocks of gasoline and distillates fell. Refinery utilization dropped significantly, by 2.8%, and this is a bullish factor for oil is the number one. Oil production in the US remained unchanged at a record peak of 11.9 million barrels per day.
The US dollar continues to weaken in world currency market after a very mild comments of the fed on the prospects for interest rates are a bullish factor for oil two.
The dollar will finish today’s session in the range 65,15-65,65, the Euro will end the day in the borders 74,80-75,45 RUB.
Senior analyst at information-analytical center,