The ruble ignores risks against the backdrop of public attention to oil

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Russian ruble holds quite a boring trading day on Tuesday. U.S. dollar rises by 0.3% and is 62,96 EUR RUB RUB is trading at 73,45 (+0,07%). Official rates of the Central Bank of Russia for tomorrow, June 27, 62,79 make up a RUB for the American currency (reduced by 15 cents) and RUB over the 73,40 EUR (raised to 9 cents).
On the one hand, the ruble is still supporting the ongoing tax period in Russia. The demand for rubles from exporters, who must pay taxes and fees, keeps the Russian currency afloat. On the other hand, the news flow risks for the ruble there are plenty, but while investors prefer not to delve into this topic.
Commodity market in the first half of the day had risen, the afternoon the price of oil stabilized. A barrel of North sea Brent symbolically becomes more expensive and costs $74,59, light Texas crude oil reduced in price. Today, at the site will have to wait for updated data from the American petroleum Institute on stockpiles of black gold. Average projections based on the results of the Bloomberg survey, suggesting a decrease of 2.5 million barrels.
At the same time stocks of gasoline and distillates could grow by 1 million barrels in both cases. Unusually, in the United States in the midst of the holiday season and holidays, when high demand car travel, rising fuel stocks.
News of the needs of rehabilitated trust Bank extra money – about 100 billion rubles – remained unnoticed until the financial market, but they’re far from pleasant. RUB the infusion into the system of additional funding will be another lever of pressure.
The US dollar today closed trades within 62,75-63,55, the Euro and finish in the borders 73,20-74,00 RUB.
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Anna Bodrova,
Senior analyst,
Alpari