The ruble did not hold yesterday’s success, the dollar is rising again

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At today’s exchange trading ruble was unable to hold yesterday’s rise against the dollar and the Euro. So, again, the dollar began to rise against the ruble, at the moment the growth of 0.68%,grinbek reached Euro 66,892 RUB a little behind in the growth of the dollar rising against the ruble only by 0.4% to RUB 75,668 Official exchange rates established by Bank of Russia on Thursday, 16 August, are 66,3772 RUB per U.S. dollar and 75,2253 RUB for Euro.
Particularly important news up to this point the market has not yet been reported. News of the sanctions has already played, including the currency market, although it is possible that up to 22 August the markets will be significant volatility. Today the Ministry of Finance held a regular auction on the Moscow exchange for the placement of the new OFZ-PD № 25083RMFS with maturity in December 2021.
The proposed placement volume amounted to 10 billion rubles at face value. The placement results are disappointing: while the total demand in 20,140 billion rubles placed the issue volume amounted to 5,745 billion rubles with weighted average yield of 8.15%. It also does not support the ruble in the current situation.
The price of a barrel of Brent crude on the ICE now falls by 0.9% to $72,08. Apparently, the unstable situation in the currencies of developing countries and the rebound grazed the oil market. According to the forecast Alpari in the coming days, Brent will be traded in the corridor of $71,5-$73,0 per barrel.
The US dollar in the coming days will fluctuate within the boundaries 66,0-to 67.5 rubles, while the Euro will trade in the range of 75.5-77,0 RUB.
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Natalia Milchakova,
The Deputy Director of analytical Department,
Alpari