The ruble won back the positions of the dollar and the Euro, but not ready to attack next

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Wednesday, may 30, at the end of the trading session on the Moscow exchange rate of the us dollar calculations “tomorrow” has decreased by 74 kopecks (-1,18%) to 62,07 Euro by 4 kopecks (-0,06%), to 72,37 RUB Trading volume in the pair dollar/ruble amounted to $3.4 billion (-19,04%), and Euro/ruble – 527,2 million euros (-20,01%).
The Bank of Russia from 31 may set the official US dollar rate to ruble at the level of 62,5937 RUB below the previous close at 4.83 kopecks Official Euro to ruble exchange rate was fixed at 72,5211 RUB compared to the previous value, the rate decreased by 0.58 kopecks.
The Russian currency has once again managed to take off the pressure to win back losses on Tuesday and at the end of the day to get a plus. Its growth was promoted by news from Italy and the message from OPEC. On the background correction of the American currency, the ruble rose and the dollar during the bidding reached the mark of 62.00 RUB and Euro – RUB to 72,24
The price of Brent crude on Wednesday rose by 2.8% amid reports that OPEC will maintain the limitation on the volume of oil production at least until the end of the year. As for Italy, the party “five star Movement” called Paolo Savona to withdraw his candidacy for the post of Minister of economy, to be able to find a compromise and form a government. The General strengthening of the Euro pressured the dollar.
Thursday, may 31, Brent crude is trading around $of 77.46 per barrel. The pair dollar/ruble remains in the corridor of 61.00 – 63,00 RUB the Variability of external factors does not allow the price to get out of it. I believe that the dollar will continue to consolidate in this price range before the end of the week. Pair of Euro/ruble will retain the dynamics around 72,35 RUB.
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Vladislav Antonov,
Analyst
Alpari