The ruble ignores the subject of sanctions and growing on news from Turkey

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The ruble on Thursday afternoon continues correction. The U.S. dollar is worth 68,25 RUB and decreases by 1.2%, the Euro depreciates by 1% and is trading at 79,37 RUB the Courses of the Central Bank of the Russian Federation on Friday, September 14, reduced foreign currency and are 68,63 RUB for the American currency (-94 cents) and RUB over the Euro 79,76 (-88 cents).
The commodity market has adjusted, after the explosive rise earlier. A barrel of North sea Brent crude costs $of 79.13 and is reduced by 0.8%, light Texas crude oil sags of 1.5% and is trading at $69,38. Information about a noticeable decrease in oil reserves in the USA already accounted for in raw material prices, and investors clearly felt the reaction of excess, since Brent was not able to establish a foothold above $80 per barrel.
The ruble today left without attention of the sanctions topic. The US President Donald trump, will remind, on the eve signed a decree on sanctions against individuals, companies and States that, one way or another, are suspected of involvement in the intervention in the elections. Under this “comb” can be customized almost anything you want, because the truth here depends on what angle you look at the issue. However, investors this information is not alarmed.
At the same time today it became known about the refusal of the EU court to lift sanctions against some Russian companies and banks. Among the issuers, the “Rosneft”, “Almaz-Antey” and “Gazprom Neft”. But the reaction of bidders to the news either, or subject to sanctions everyone is tired of, and risks taken into account in the quotations, or the market changes the instinct of self-preservation.
The US dollar closed trading today in the range of 68.00-68,75, the Euro will finish the day in the borders 79-80 rubles ruble pair for a while was from a Turkish news – Turkey’s Central Bank raised the interest rate to 24% per annum, from 17.75%, surpassing thereby the lobby of President Recep Tayyip Erdogan. That should stabilize the Lira and remove some of the tension from the foreign exchange market of emerging economies.
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Anna Bodrova,
Senior analyst,
Alpari