The ruble continues to rise in price in trading on Thursday
Russian ruble feels great and continues to rise in a basket of currencies. For the first time since November 29 last year, the dollar fell below the mark of 66 rubles., and now trading at two-month low 65,86 RUB the Euro is around the level 74,73 RUB (-0,7%). Rates of the Central Bank of the Russian Federation on Friday, January 25, as follows: of 66.00 RUB/USD (-33 cents) and 75,03 RUB/EUR (-35 cents).
The commodity market remains in correction area. A barrel of Brent declines by 0.7% and costs $60,69, WTI oil is losing half a percent and is trading at $52,39. Statistics from the American petroleum Institute, released yesterday, gave investors a deeper impression than expected. Increased oil and gasoline inventories, with distillates and exchange the bears went on the hunt.
Tonight will be published in the official report of the US Department of energy on oil reserves and petroleum products, it is expected a slight reduction of the parameters of oil reserves, but there is no doubt that the real data will match the predictions.
The dollar is on the offensive in the global market, and the majority of currencies of emerging economies is weakening against this background. But not the ruble. The rouble has support in the form of a tax period and an overall positive domestic rhetoric. In Davos, the Russian representatives also came in a good mood and a positive comment on the forecasts and expectations of its economy.
The U.S. currency will finish the session on Thursday in the range 65,80-66,50, the Euro will end the day in the borders 74,65-of 75.25 RUB.
Senior analyst at information-analytical center,