The ruble may fall before the weekend

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Thursday, August 22, trading ruble with the dollar and the Euro closed in the positive territory, with the British pound – in the red. The dollar/ruble fell by 0.23% to 65,60 RUB, EUR/RUB – on 0,34%, to 72.68 RUB the Pound strengthened against the ruble by 0.79%, to RUB. worth 80.35
Trading on Masuria opened lower on ruble pairs. In the foreign exchange market remained increased demand for rubles in all day. The Russian currency received support from the tax period and the high demand for OFZ. Index RGBI has increased by 0.10% to 143,9. On the American session, the ruble went negative against the pound and grew against the single currency. “British” has sharply risen in price to dollar by 150 points on Merkel’s statements according to Brickset. Market participants are not misunderstood and not rechecking information, began to buy up the pound.
Merkel said: “If the EU and UK want to find a solution Bracito, they have time till 30 of October.” And the press has made a comment: “the EU and the UK can find the solution for backstop by 31 October”. That is, she was just referring to the date of a British exit from the EU, and the market realized that a solution will be found to date.
In the end, the pound strengthened across the market, and a few EUR/GBP the single currency came under pressure. Buyers in the ruble with the Euro have used the external background to regain part of the losses incurred last week.
On Friday, August 23, a barrel of Brent traded in a small plus. Today is Friday — the last day of the week. Given that the situation with China and Italy remains uncertain, but before the weekend the ruble may take their positions. If the day closes around 66 rubles, then nothing bad will. On Monday, he will be able to continue to strengthen against the background of the tax period.
The Euro/ruble retraced 38.2% of the upward movement 69,95 to 74,41. Quite cheerfully ruble trims losses for the common currency because it is under pressure because of the political crisis in Italy and expectations from ECB policy easing.
This morning the dollar and the Euro calculations “tomorrow” at 10:25 Moscow time decrease by 5 cents to 65,59 rubles per dollar, the exchange rate of Euro to ruble space of 72.52.
Before the weekend the ruble may weaken, but he reserves to strengthen to RUB 72,25
Vladislav Antonov,
“Information-analytical center “Alpari”