Tuesday, July 28, 2015

Summer fall of the ruble. LIVE – BBC

dollar for the first time since March, rose to 60 rubles. The European currency is also growing, approaching the mark of 67 rubles. Falling oil prices and stock market crisis forced China to update the new Russian currency antirecord.

15:45

According to the specialists of asset management KIT Finance Broker Vladimir Kapustiansky in the near future the ruble will play several positions and will again trade at 59 rubles per US dollar.

«If we talk about the value of the dollar then the next two weeks the US currency can return to the mark of 59 rubles. If oil prices do not go much lower as well after the US Federal Reserve meeting, which will set benchmarks for investors about whether and when to change the monetary policy, most likely will return to the dollar below the level of 60 rubles. At the end of the week scheduled meeting of the Central Bank, which the regulator may decide not to reduce interest rates, which will also support the ruble ».

15:02

The US financial-credit institution Bank of America Merrill Lynch lowered its forecast for oil prices. At the end of the third quarter of the current year forecast futures price of WTI crude oil has been lowered from $ 50 / bbl to $ 45 / barrel, while futures for North Sea Brent, according to analysts of Merrill Lynch, will cost about $ 50 / barrel, instead of the previously projected level $ 54 / barrel, according to the publication Financial Times.

14:50

The situation on the currency market in a conversation with “Gazetoy.Ru “commented the expert” BCS Express “Ivan Kopeikin:

« The decline of the ruble was serious enough. The tax period ends today, additional demand for rubles more will be created, and support for the Russian currency virtually no nowhere. Wait currently strong appreciation of the ruble is not worth it. From a technical point of view, it is not excluded at the rebound ruble oil traded at $ 52.5 per barrel.

The important point is tomorrow’s meeting of the US Federal Reserve. If it is applied to the soft rhetoric (for example, it will focus on inflation and the fact that it is still far from the objectives of the regulator, rather than the unemployment ), it will be possible to see a positive return, the local ruble below $ 60 rubles – up to 58,5-59,5 rubles. In general, the situation is quite negative.

The current output of the Central Bank in the market to support the ruble is unrealistic scenario. This is possible if there is increased volatility of the ruble will go above 65 rubles to the dollar sharp pace, then may begin some conversations and verbal intervention. Wait for the Central Bank to sell the currency is not worth it. The only thing he can do – is to stop buying to replenish international reserves for some time ».

14:08

The situation in the foreign exchange auctions after a morning jump somewhat stabilized. Local maximum was recorded in the first half of the day at 60.47 rub. / Dollar. As at 14.05 MSK US currency traded at 60.096 rubles., For the euro was 66.33 rubles., Which is also below the local maximum in 66.887 rubles., Made in the first two hours of the trading session.

13:55

The negative impact on the ruble have and investors’ concerns about China’s economic prospects. July 27 the Chinese stock market fell: the exchange Shanghai Composite Index fell by 8.5%, which was a record drop in the last eight years. The main reason for the fall was the fear of investors of failure of the Chinese authorities on the state support of the market. Chinese exchanges pulled down and other emerging markets – including Russia.

13:50

The exchangers Moscow hype is not observed, the correspondent of “Gazety.Ru” bypassed several exchange points. The discrepancy between the dollar, the Central Bank set for Wednesday, and the cost of selling dollars in exchange, on average kept within 0.5-1 rubles.

13:35

Another factor that pushes the ruble is waiting for the US Fed rate hike. Tomorrow is scheduled a meeting of the Operations Committee on the Federal Open Market. Market participants expect that the outcome of the meeting will be to make a statement, signaling the imminent change in monetary policy. Investors believe that this year the US Federal Reserve will raise interest rates. These expectations contribute to the strengthening of the dollar, weakening oil prices, Brent and outflow of funds from riskier emerging markets.

13:25

Main cause of the weakening of the ruble was the situation on the world oil market. Oil prices continue to decline: one week in the price of oil has lost more than 6.5%. As at 13.20 MSK, the cost of the August futures for Brent crude fell below $ 53 a barrel to $ 52.71. Such a low level of North Sea oil did not show for almost six months, from February. The price of Russian Urals oil is tied to the quotations of oil Brent.

13:11

Hello, dear readers! We start our online broadcast on the situation on the currency market in Russia. Today, a single trading session (UTS) on the Moscow stock exchange rate of the dollar against the ruble “tomorrow” has exceeded the psychological mark of 60 rubles. The official rate of the dollar against the ruble, set by the Central Bank of Russia on Wednesday rose by 1.44 rubles., To 60.2231 rubles.

The official rate of the euro against the ruble on Wednesday jumped to 1.54 rubles., 66 , 6248 rubles. Dual currency basket value increased compared with the index on Tuesday at 1.49 rubles., Amounting to 63.1 rubles.



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