The ruble will wait for signals on the Syrian issue

  • And
  • +A

USD/RUB fell by 0.6 ruble – 61,99 ruble EUR/RUB – 1.04 ruble to 76,42 of the ruble on the background of a softening of rhetoric of the US towards Russia and the Syrian conflict, according to data Libertex. The ruble recently manages more geopolitics than oil price, which last week added more than 5%.
The U.S. Treasury has opposed sanctions against Russian debt securities that cheered investors. In addition, the President of the United States after scoring threats have softened the rhetoric in the Syrian conflict.
As a result, the optimism was transmitted to the American markets. The growth of indexes also facilitates the beginning of corporate earnings reports. In the end, U.S. stocks closed higher, after earlier falling due to the imposition by China of import duties on some American goods. In the end, the Dow Jones industrial average on Wednesday rose by 1.21% to 24483,05 points, the index high-tech NASDAQ companies – by 11.01% to 7140,25, the index of wide market S&P 500 by 0.83% to 2663,99 points, according Libertex.
Since morning the Asian market is trading in different directions: the index of the Shanghai stock exchange Shanghai Composite is declining 0.6%, Hong Kong’s Hang Seng Index by 0.12%, while Australian S&P/ASX 200 was up 0.71%, Nikkei 225 – 0,58%. The price of oil brand Brent is slightly corrected down – to 71,9 per barrel At Friday’s session the pair USD/RUB will remain in the range of between 61,5-62,5 rubles. EUR/RUB is likely to potorgovat in the area 75,8-77,08 of the ruble.
____________
Ivan Marchena,
Analyst
GK Forex Club