The ruble is kept because of oil, taxes and debt market

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Russian ruble on Monday strengthened moderately in a basket of currencies. The US dollar to the present time slightly reduced and is 65,86 RUB (-0.2 percent). Euro retreats similarly, for the same 0.2 percent, and traded at RUB 75,19 rates of the Central Bank of the Russian Federation on Tuesday, November 20, the amount of 66.00 RUB per U.S. dollar (increased by 1 penny) and RUB 75,32 per Euro (increased by 42 kopecks).
In the commodities market by mid-session, generally settled the morning attack of the bulls, who used a factor of weak dollar as a reason for acquisitions. A barrel of North sea Brent crude oil now costs $67,02 (+0,4%). Friday’s statistics from Baker Hughes, showed an increase in the number of drilling rigs in the US, 1 unit left out of market attention. Now the American currency has leveled position, and is reduced bullish optimism.
Today on the side of the ruble, in addition to the rebound in oil play a factor in the tax period in Russia and stabilization in the OFZ market. A few days yields returned to the level of October, after the most stressful last two weeks. This is due, on the one hand, with some inflow of capital on the debt market, on the other – with the effects of optimism under the banner of “sanctions temporarily tightened”. In both cases, a good mood in the market may last for several days, but long is unlikely to be fixed.
Otherwise for the currency section, all is quiet and smooth. The US dollar will spend the rest of the day in the range 65,80-66,45 rubles., the Euro will finish today within the boundaries of 75.00-75,75 RUB.
Anna Bodrova,
Senior analyst,