The ruble broke an eight-day growth and turned

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The ruble broke the eight-day trend on the rise today is adjusted to a basket of currencies. On the one hand, the importance factor of the end of the week – the market is tired of the corny rally, to the same effect from raising the key rate Bank of Russia itself increasingly exhausted. On the other hand, still support high oil prices and tax period.
Courses of the CBRF at the weekend and on Monday, September 24, 66,24 make up a RUB for the American currency (-23 cents) and RUB over the 78,07 € (+32 cents).
It is likely that next week the ruble rally will roll by itself. First, after the peak of tax payments, which falls on September 25, disappear support for the tax factor. Secondly, since September 24, the United States will introduce higher import duties on Chinese goods, and China will respond in kind. The third point – the fed prepares to raise interest rates, and the more precise will be the guidance of the regulator of the December increase, the more will buy in a pair dollar/ruble.
Commodity market in the middle of the day is kept in the black. A barrel of North sea Brent crude costs $79,38 (+0,8%). Black gold is well supported by the factor of weak dollar and technical signals the market leaves no intentions to break through to $80.
The U.S. dollar closed the session on Friday in the range 66,30-67,10, the Euro will go for the weekend within 78-79 RUB.
Anna Bodrova,
Senior analyst,