The dollar weakened against the ruble by 2%

  • And
  • +A

The ruble had gained weight at auction on Thursday. Foreign currency, which suffered losses from the beginning of the session has lost 2% and 2.4% on the Euro and dollar respectively. In addition to high oil prices, affected by the weakening of the U.S. currency, which was spent on corrections, including weak data on inflation in the United States. At the end of trading the dollar/ruble settled near 2-week lows in the area of 61,50 RUB.
Reasons for recovery the “wood” had a few. This rise in black gold – Brent quotes at the moment reached new 3.5-year highs near 78 and the local retreat of the dollar in the international market, and the General health of assets of the developing segment, and the sale of foreign currency earnings by exporters, who are preparing for the tax period. Took place and the factor of technical oversold our currency, which remains relevant, but is not so pronounced.
Further recovery of the ruble is possible, but unlikely to be noticeable. Dynamics of the dollar shows that the bulls are ready at any moment to resume purchases after a pause, and the rally of Brent crude has stalled at around 78, attack that buyers most likely will not be solved before the onset of the weekend. So while still not the expected return of a dollar under the mark of 60 rubles., although certain overtures in this direction is possible if the energy market will see a new upward breakout.
Igor Kovalyov,
InstaForex companies group