The ruble continues to fall on the subject of sanctions

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The ruble on Thursday fell further on sanctions issues. The US administration on Wednesday announced new sanctions against Russia for the alleged use of chemical weapons in the British Salisbury. Sanctions may suspend the exchange of goods between countries to lead to another expulsion of diplomats and to suspend the flights of “Aeroflot” in the USA. In the second half of trading, the ruble had tried to cut their losses, but in the evening in the absence of most of the players again went into a significant disadvantage. As a result, the USD/RUB ended Thursday with a decline of 1.1 ruble – to of 66.65 ruble EUR/RUB – 0.82 rubles, to 76,95 of the ruble, according to data Libertex.
The continued trade dispute with China can have a detrimental effect on the American indexes. China is going from August 23 to impose duties on the second list of American goods to $ 16 billion per year. In the list, in particular, cars and medical equipment. Support for the stock market has provided statistics on unemployment, which was better than the market. The number of applications for unemployment benefits fell by 6 thousand, while the expected Rosa for 2 thousand.
In the end, the Dow Jones industrial average on Thursday has decreased on 0,29% – to 25509,23 points, the index of high-tech companies NASDAQ has raised on 0,04%, to 7891,78 points, the index of wide market S&P 500 down 0.14% to 2853,58 points, according Libertex.
The morning formed a negative external background: futures on American indexes are moderately lower, Asian markets are trading in negative territory, crude oil has failed in the area of 71,5 USD per barrel – to the April lows. The ruble also remains relevant sanctions issues.On the international currency market, the dollar shows its strength, the result of EUR/USD to the area 1,1459.
U.S. stocks: the S&P 500 index – on 0,45%, on NASDAQ – on 0,56%, the Dow Jones index is 0.43%. The Australian index S&P/ASX 200 fell by 0.26%, Hong Kong’s Hang Seng Index fell 0.92%, while Japan’s Nikkei 225 – on 1,33%, the index of Shanghai stock exchange Shanghai Composite rises by 0.03%,. In our view, USD/RUB protorguetsya between is 66.1-67.2 ruble. EUR/RUB is likely to potorgovat in the area of 76.3-77.6 ruble.
Ivan Marchena,
GK Forex Club