The ruble is trying to strengthen but so far without success
The ruble strengthened modestly in the course of trading on Thursday, but in General remains under pressure while the dollar is dangerously close to the mark of 67 rubles. trading activity is generally low, including in the Forex market, where konsolidiruyutsya major currency pairs in tight ranges waiting for the news.
The ruble almost completely ignores the peak of tax payments, while under the influence of global trends. On the world stage came a lull in the lack of negative news headlines on the topic of the US and China, but also with the purchases of risky assets investors are reluctant, fearing a “dirty trick”. In such circumstances, the ruble is difficult to resist the pressure from the dollar, which remains attractive against the background of avoidance of purchases of risky assets.
Oil, meanwhile, has stabilized under the mark of 60 dollars per barrel, having failed previously to maintain its position at 1-week highs. More sustainable growth of quotations has prevented reports of wearying that the extraction of shale oil in the US last week showed a new record level of 12.5 million barrels.
In the short term on the dynamics of the pair dollar/ruble will affect the statistics of the USA, where the main release will be a report on US GDP for the second quarter. If the figures don’t disappoint, the dollar strengthened across the entire spectrum of the market on reducing the likelihood of more aggressive stimulus from the fed. In this scenario, the dollar will finish the session near the psychological level of 67 rubles.
Academy of management Finance and investment