The ruble is making timid attempts of growth
On Monday, the ruble is making tentative attempts at recovery, pushing the dollar to the mark 66,50 RUB overall movement in the beginning of the week reserved, but as the receipt of fresh news with the trade and economic fronts volatility may increase.
In the future, this week the focus will be the mark of 67 rubles. Affect the dynamics of quotations primarily can the behavior of the dollar in the Forex market, which in turn will depend on signals from the fed and the incoming statistics. The key release will be a report on American employment, able to make adjustments in expectations for rates by the fed. Thus, a weak report is able to play into the hands of the ruble and delay the breakout of an important level.
As for the forecast for September, the ruble can be realized new bear risks if the negotiations the United States and China will bring meaningful results, the rhetoric of the fed is not enough soft, and the price of oil will not find reasons to continue growth. Roughly, the pair dollar/ruble will oscillate in the area 66,30-67 rubles, and in case of successful testing the upper boundary of this channel prospects “Russians” will get worse.
While Brent crude holds above $ 50 and aims to reach the level of 60 dollars per barrel, a serious threat to the ruble of the front is observed.
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