The ruble steady in terms of total sales and it’s amazing
Russian ruble on Wednesday afternoon traded down from a basket of currencies. He completely ignored the selloff in oil yesterday evening and continues to ignore the news flow associated with the sector of raw materials. This can hardly be explained only one support on the part of the tax period.
As a result, the U.S. dollar, to date, is 65,53 RUB (+0,03%) and the Euro is retreating 0.4 percent and is trading at RUB 74,82 rates of the Central Bank of the Russian Federation on Thursday, October 25, increased in both currencies and amount of 65.62 RUB per U.S. dollar and 75,08 RUB for Euro. Evaluation of courses increased by 31 and 23 cents, respectively.
The sellers of oil have deepened the decline. A barrel of North sea Brent raw materials worth $75,88 and falls 0.7%, the barrel of WTI is also losing weight and is trading at $66,34. On the one hand, for oil presses fundamental information about a sharp increase in the level of oil reserves in the United States, according to the observations API. On the other – the statement of the Saudis that OPEC+ oil produces the highest volume and loses the most percentage of available capacity was evaluated by the participants negatively. It created a reason to sell overbought asset. In addition, the dollar again goes on the offensive in the global market, and this adds confidence to the oil “bulls”.
Today the Ministry of Finance of the Russian Federation conducts auctions on placement of OFZ, despite the deterioration of external background. Task is the task, the planned volume of funds is necessary as-that to attract. Today investors are offered two issues of bonds for 10 billion rubles each. The first results of the placement will be known after 14.30 GMT, the second – in the evening. However, given the very calm behavior of the ruble, we can already say that the auction proceeding very carefully.
The pair dollar/ruble will close trades environment within 65,35-65,95 RUB, EUR/RUB – in the range 74,70-75,35 RUB.