The ruble continues unsuccessful attempts of growth
The ruble on Thursday trying to play in a basket of currencies previously part of the lost, but for now it’s more like a banal technical correction after four days of weakening.
Oil today tried to rise, but was unable to catch hold of news flow and now slightly reduced in price. A barrel of Brent traded at $59,70, and while black gold strengthens above $60, we can hardly expect much support for the ruble from this side.
USA today published a pretty weak themselves statistics, revised GDP for the II quarter of 2019. According to revised data, the economy grew only 2% versus the first estimation of 2.4%, for the dollar is a nasty surprise, and the ruble may well take advantage of the local weakening of the grinbek to gain strength.
In General, on the pads, all is quiet. It should be in late summer at the end of a stormy August.
“Information-analytical center “Alpari”