The ruble remains weak in the face of the decision of the Central Bank of the Russian Federation at the rate
Russian ruble on Monday, is in a weak position in a basket of currencies. The US dollar to date is trading at 61,96 rubles (+0.9 percent). The Euro is worth 75,79 rubles (+0.4 percent). Official rates of the Central Bank of Russia for tomorrow, April 24, 61,76 make up a RUB for the American currency and 75,79 RUB for Euro. Both estimates revised on the increase, with 44 and 14 cents, respectively.
Oil prices today do not demonstrate positive dynamics. A barrel of North sea Brent crude traded at $74,1 (+0,05%), for the barrel of light oil WTI give $68,25 (-0,2%). Friday’s statistics from Baker Hughes, illustrating the number of drilling rigs in the United States, showed the figure 5 units to the level of 1013 pieces. This is a good bearish driver for the oil sector, but investors for the second consecutive week ignore such signals.
Today the market is fairly quiet, supporters of the ruble is a question the decision of the Central Bank of the Russian Federation on Friday, when they host the planned meeting of the regulator will make the decision on the key rate. Will join this time to the conservative camp with the opinion that the rate will remain unchanged at the level of 7.25% per annum. The latest wave of currency volatility may not scare the Central Bank, but to take it into account in assessing the situation, the regulator is obliged.
The US dollar will finish today’s trading at within marks 61,50-62,45, the Euro and within the boundaries of the 75,30-76,50 RUB.