The ruble has fallen, what is happening today with the course
Today, February 14, was a holiday for lovers in the dollar and the Euro, and those who like the ruble, should be patient and wait out the wave of negativity. Morning trading on the Moscow stock exchange opened with a jump in the dollar and the Euro up, in the afternoon the fall of the ruble slowed down a bit, but may increase at any time. Now the ruble loses against the dollar and 1.4% in value and the Euro is 1.3%. The Bank of Russia increased the official rate of the dollar and the Euro on Friday: dollar – up to 65,5429 RUB and Euro – RUB to 75,0471
The fall of the ruble is due to the fact that yesterday evening in the U.S. Congress introduced a bill on anti-Russian sanctions, prepared by the two senators-“hawks”. The bill requires the imposition of sanctions against the Russian state debt of a number of Russian banks and energy projects in Russia related to production of LNG, in connection with the invented “interference” of Russia in the U.S. presidential election, the November incident in the Kerch Strait and slightly forgotten “case Skrypalia”.
We believe that the likelihood of passing such a law is small, and in the case of adoption, the likelihood that the US President is to execute it, will be even less. But a nervous market quickly will not calm down, you need some time to this negativity was priced in.
Meanwhile, at auction in London, ICE Brent crude continues its steady growth, a barrel traded at $64,34 growth at the moment is 1.25%. Oil price increases on expectations of reduction of oil production by Russia and Saudi Arabia in February. But while rising oil prices on the ruble has no effect.
Actual trading range for the ruble couples today is 66-67 RUB per U.S. dollar and 75-76 RUB for Euro.
Deputy Director of information-analytical center,