The ruble does not pay attention to the appearance of the background and steadily takes the negative

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The Russian ruble on Tuesday feeling OK after returning from a November holiday. The US dollar to date is trading at 66,01 RUB (-0,3%). The Euro is retreating by 0.2% and costs RUB 75,24 Assessment of exchange rates by the Central Bank of the Russian Federation on Wednesday, November 7, enhanced and be 65,99 RUB per U.S. dollar (+42 cents) and RUB over 75,31 € (+32 cents).
US sanctions against Iran, which were introduced in two stages – the second of them took place on Monday, November 5 – still not fully implemented. Eight countries-buyers of Iranian oil made exceptions for a period of 180 days: during this period the main importers of oil production of Iran (China, South Korea, India and others) will be able to continue to work with Tehran. This is done, as explained by the President of the United States Donald trump, to smooth the likely jump in oil prices. In fact, stages to stop Iranian oil exports will be three, but later Trump will be easier to “tighten the screws”. A barrel of Brent is now trading at $72,63 (-0,7%), the technical picture is a probability of resumption of the fall in commodity prices.
Later today on the website of the Ministry of Finance of the Russian Federation will appear the message about tomorrow’s auction on placement of OFZ. Frankly, there are still issues with the consistency of the proposed market limits the Agency expects demand forecasts but it is not justified.
The us currency looks very carefully on the world currency market because of the upcoming Congressional elections: is there a risk that Democrats in the legislature will more than Republicans. In addition, this week will host the next meeting of the Federal reserve of the United States, where, most likely, will be given very accurate comments regarding economic evaluations and confirmed the fed plans to raise interest rates at the end of the year.
The US dollar will hold an auction Tuesday in the range 65,85-66,35, the Euro protorguetsya in the hallway of 75.10-75,95 RUB.
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Anna Bodrova,
Senior analyst,
Alpari