The ruble steadily losing ground against dollar and Euro

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The Russian ruble Tuesday afternoon, dropping in a basket of currencies, but given the external environment and the widespread withdrawal of investors from risk, the reaction of the ruble could be more pronounced. The US dollar to date is 66,96 RUB (+0,3%). EUR trading higher by 0.7% and rises to 76,25 RUB the Russian Central Bank has established the following exchange rates for Wednesday, December 19: of 66.74 rubles per US dollar (+12 cents) and 75,77 rubles for Euro (+39 cents).
Still, the pair dollar/ruble, despite all the excitement of the market, never went beyond the medium-term corridor 65,00-67,00 RUB But now gradually increase the chances of passage to mark 67,15 RUB, but above the level of 68 rubles per US dollar cause for trades not yet seen, there is no compelling reason.
Commodity market day in the excitement. A barrel of North sea Brent crude is trading lower by 2.7% and costs $58,02. Today North sea raw materials updated November lows and is down to $57,20 per barrel. So cheap a barrel of Brent was not worth as of October 24, 2017. Testing the lows linked to the overall care of market risks – they are now “tied” to future decisions of the Federal reserve system of the United States. Today opened a two-day fed meeting, the last this year.
It is expected that the regulator will raise interest rates by 25 basis points, but the President of the United States Donald trump yesterday began to attack on the fed in his Twitter, calling such actions are ridiculous in terms of burning Paris, the world exploding and too expensive dollar. Let’s see what the fed will do and how it will try to preserve the monetary “face” of the head of the American regulator Powell.
The US dollar closed trading Tuesday in the range 66,80-67,15, the Euro and finish in the borders to 75.85-76,45 RUB.
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Anna Bodrova,
Senior analyst,
Alpari