The dollar caved in and supported the ruble market

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The rapid decline of the us dollar in the international market and the rise in oil prices supported the ruble. The demand for Russian OFZ bonds are again above suggestions. The exchange rate of bitcoin is closer to 10000$.
On the eve of the dollar initially soared on the Forex market, and immediately after that followed the collapse. The reason for the high volatility was the publication of statistics from overseas. First published the positive inflation data, and immediately behind them the negative data on retail sales in the United States. In addition, the States published data on oil reserves, which spurred oil prices to increase.
This morning the dollar on the Moscow stock exchange held at the level of 56 rubles 60 kopecks, the Euro traded at the level of 70 rubles 60 kopecks. The MICEX index rose to 2270 points, the quotes of Brent crude oil rose to $ 65 per barrel. Bitcoins according to CoinMarketCap approaching the level of $ 10,000 per unit.
The rise in oil prices and the collapse of the us dollar supported the Russian currency. Another positive was the auction of MinFin. The office of Anton siluanova easily sold the entire amount of the debt securities offered at auction. Demand exceeded supply by more than 3 times. The market situation for oil is similar to some correction. However, to talk about the next uptrend to speak of here yet.
As for the situation with the Russian ruble, it’s much more of an impact it is now having dynamics of the dollar on the Forex market. If we see further decline of the us currency against most global currencies against the ruble will also decrease. However, it is unlikely that the dollar on the MICEX to drop below 55 rubles, much more likely to move to trade in the range of 58 to 59 rubles per dollar.
Gleb Zadoya,
The head of the Department of analysts,