The ruble steadily goes down
Monday, 26 August, trading on ruble pairs showed different results. The pair dollar/ruble increased by 0.13%, to 66.07 rubles, while the Euro/ruble fell by 0.29% to 73,29 RUB, pound/dollar by 0.47%, to RUB 80,70
The auction opened with a decline on the ruble in response to the decision of the President of the United States Donald trump to raise tariffs on Chinese imports by 5% and the call for American companies to emerge from Asia’s largest economy. The yuan weakened to an 11-year low amid concerns about escalation of the trade conflict.
Market participants were reassured when Donald trump said that China has asked it to resume trade negotiations. Protecting the assets declined, the ruble rose against the Euro and pound. Dollar of loss was 0.13%. The strengthening of the Russian currency was limited due to falling oil prices. A barrel of Brent was down 0.46% to $58,80.
On Tuesday, August 27, in Asia, oil is traded in plus 0.31%. Dollar shows mixed performance for major pairs. Trump said that China is very eager to conclude a trade agreement with the United States, and I’m sure they’ll make it. Apparently not all think so, as it weakens the yuan and yen more expensive.
The ruble in early trading session at the currency section of Masuri reduced the dollar and the Euro, the U.S. currency calculations “tomorrow” up to 66.30 ruble, Euro — ruble to 73.66. Market participants do not believe the Trump, so at any moment we can expect a new round of weakening of the ruble against foreign currencies.
“Information-analytical center “Alpari”