The rouble retains immunity to external mood swings

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The rouble retains immunity to external mood swings, but over the domestic monetary section is clearly the clouds are gathering. The US dollar to date is 65,85 RUB (-0.4 per cent). Euro grows by 0.3% and is trading around 75,70 RUB the Russian Central Bank outlined on Thursday, November 8, the following foreign exchange rates: of 66.09 RUB per U.S. dollar (+10 cents) and 75,68 rubles for Euro (+37 cents).
Commodity market that deepens sale, then reduce them, but the basic attitude of oil remains minor. A barrel of Brent to the present time worth $71,96 (-0,3%), has a chance to return to active sales in region of $70,50. Today will be interesting to look at the evening report of U.S. Department of energy on oil reserves and petroleum products – think there the same as in the observations API, confirmed the seventh consecutive week of growth stocks of black gold.
The Ministry of Finance came to the market for the currency before rate stabilization. It is already known that in the period from 8 November to 6 December, the Agency will spend on the purchase of foreign currency on the market 525,8 billion rubles – this means that a day will buy $ 25 billion roubles more than has been in the height of summer, and interventions. While the market remained indifferent to this news, but the devil as usual is in the details. The Central Bank, which usually acts as agent in purchases of Treasury currency, and the office has broken its promise to refrain from going on the open market.
This moment can be the trigger for the buyers of US dollar. Time the Ministry of Finance returns to buying of the dollar, so he expects the foreign currency is not exactly cheaper. Urgent demand for money return on the market difficult to explain: this year, the Ministry of Finance bought a huge amount of dollars.
At the same time again to remind you about the risks associated with the expiration of the 90-day moratorium on “business Skripal”. One may argue that the reason for the sanctions is far-fetched and in any argument it is not, but that’s not it, and that American policy, closing the issue of mid-term elections in Congress will enthusiastically return to the previous hanging in the air issues and the packages of anti-Russian sanctions in the first place.
The US dollar to close range, 65,85-66,35, the Euro will remain to be consolidated within the boundaries of the values 75,40-75,95 RUB.
Anna Bodrova,
Senior analyst,