The ruble has found a reason to restore the positions

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In early December the next weeks, the ruble has found a reason to restore the positions. To date, the dollar retreat 0.3 percent to 66,56, the Euro is almost unchanged since the beginning of the auction and stands next to 75,46 RUB the Courses of the Central Bank of the Russian Federation on Tuesday, December 18, as follows: 66,62 RUB per US dollar (+19 kopeks), 75,38 RUB per Euro (unchanged).
The ruble for today support factors are a slight weakening of the US dollar in the global currency market right now, investors do not need the dollar as a safe asset, as minor statistics were no longer published – and a rebound in oil.
Commodity market on Monday afternoon full of enthusiasm and a desire to buy. The barrel of Brent rises in price on 1% and $60,91. Friday’s statistics from Baker Hughes, reflecting a new wave of reduction of the number of drilling rigs in the U.S. and Canada, perceived by the market as a confident bullish catalyst that it is logical. At the same time investors continue to analyze the fact of decline in the U.S. daily oil production from the historic high of 11.7 million barrels per day to 11.6 million barrels a day. It also allows you to buy locally. Globally, there’s nothing happening here.
The U.S. dollar closed the session Monday within 66,40-of 66.75 RUB for Euro, the day will end in the range 75,30-to 75.85 RUB affair with the CBR closed the case for the U.S. Federal reserve – without a strong ruble pair with drivers seat will not move.
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Anna Bodrova,
Senior analyst,
Alpari