The ruble ends the week with a small drop

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The Russian currency on Friday holds pretty boring and sedentary trades. The U.S. dollar is worth to the present time of 65.62 rubles (+0,1%). Euro recovers to the same 0.1 percent and is trading around 74,37 rubles the Central Bank has set for the coming weekend and Monday, February 25, the following foreign exchange rates: 65,51 RUB/USD (decreased by 3 pennies) and 74.33 USD RUB/EUR (increased by 4 cents).
Commodity market afternoon is held in positive territory. A barrel of Brent is $67,18 (+0,16%), black gold does not depart far from three-month highs in the hope of continued purchases. While investors with tremendous confidence ignore all the bearish signals that were received the day before along with a weekly report of the energy Ministry’s energy reserves.
Today, the ruble still remains under the protection of the tax period and relatively high oil prices, but these factors support should not be overestimated. If the US “remember” that planned to tighten sanctions framework, the situation in the ruble pairs quickly returns to what it was in the beginning of the month. The peak of tax payments in Russia, by the way, will have on Monday.
On the world currency market, meanwhile, is clearly visible decline in interest in risky assets. Later this can manifest itself in the ruble.
The U.S. dollar closed the session on Friday in the range of overwhelming 65.45-65,75, the Euro will be spent on a weekend in the borders 74,10-74,85 RUB.
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Anna Bodrova,
Senior analyst at information-analytical center,
Alpari