The ruble has reached month highs against the dollar, oil pressure

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The situation on global financial markets remains favorable. The markets regarded the response of Beijing to the new rates trump as “soft”, and American fees were not as high as expected. That was enough to sustain interest in risky assets.
In the Asian sites again, well grown, while the European markets are trading with a more modest increase in the leading stocks within a quarter percent, swaying, following the recent opening.
Oil consistently is trading around 78,50 by Brent, showing a upward bias, which, coupled with the optimism of foreign investors formed a positive start in Russian stocks. RTS increases by 0.5%, while the ruble renews nearly 1-month highs, sending the dollar under the mark of 67 rubles.
Facilitates the task of the ruble tax period and the General poor health of the American currency, which reduced the Forex market after yesterday’s bounce proved short-lived. Also the rouble wins back the improving rhetoric of the EU, which refused to impose additional sanctions against Russia in connection with the “business Skrypalia”. Soon, the pair dollar/ruble will continue to be traded near the mark of 67 rubles., but may exceed this level if the pressure on the USD will weaken and oil will not be able to develop growth momentum.
Forex Euro and pound has resumed the rise, taking advantage of the lack of enthusiasm among dollar bulls. EUR/USD waiting for Draghi’s comments testing the 1.17 level, which remains key short-term charts. The pound managed to update the highs of July 26, and continues to aim to the level of 1.32, reflecting positive comments on Bracito, which indicate a decrease in the risk of failure to conclude a deal.
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Nathan Lambert
Head of research,
Global FX