The dollar has sent the ruble to a new peak

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In the course of trading Wednesday, the rouble was developed bearish correction after unsuccessful attempts to send the dollar under the mark 64 RUB USD/RUB gradually returned to near the level of 65 rubles., the breakout of which will return to the game 200-day moving average in the field 65,85 RUB.
The dollar is in demand in terms of avoidance of risks. The strengthening yen, which is an indicator of attitude towards risk also tells about the continuation of this trend, which generally restricts growth potential in the segment of risky assets, including the ruble.
Leads and oil, which is cheaper after data from the United States According to the energy Ministry, last week crude oil inventories increased by 2.8 million barrels against the forecasted decline of 2.5 million At the same time stocks of gasoline decreased almost in line with expectations, almost 3 million barrels, while production remained at a record high of 12.1 million barrels a day. Brent oil remains around $ 67, not in forces to break through to 68.
Current situation in the Russian currency has deteriorated over the last couple of days, but does not portend a large-scale of its easing. Downside risks in the oil market have limited buying interest in the dollar. So, the threat of a strong breakout of the level of 65 rubles. at this stage a small.
Gennady Nikolaev
Academy of management Finance and investment