Ruble night grew against the dollar and euro against the risk of demand – RIA Novosti

MOSCOW, March 17 -. RIA Novosti, Dmitry Mayorov The ruble against the dollar and the euro has grown significantly in the evening, playing the oil market returned to a maximum of the current year in the region of 41.5 dollars per barrel of Brent <. / p>

Support for market risk capital have soft decisions and comments by the US Federal Reserve monetary policy

The dollar settlements “tomorrow” to 19.51 MSK decreased by 0.96 rubles -. to 68.16 rubles, euro – by 0.46 rubles – up to 77.25 rubles, follows from the Moscow Stock Exchange data

Fed helps

The ruble against the dollar and euro. Thursday continued to grow strongly in the background of intensified demand for risky assets on global markets.

Push to an interest in such investments given the soft decisions and comments by the US Federal Reserve monetary policy.

on the Federal Open Market Committee on the results of the next meeting has kept its benchmark interest rate at a level of 0.25-0.5% per annum. The Fed did not rule out that the base rate will remain at 0.25-0.5% per annum for a period of time

Against this backdrop, the euro rose on Thursday to near 1,135 dollars per euro -. With a maximum of 12 February . The cost of oil at the same time returned to the area since the early highs in December 2015 – about 41.5 dollars per barrel of Brent

As a result, the ruble continued on Thursday to update the highs from December last year.. Thus, the dollar fell during trading to 67.906 rubles (a minimum of 4 December).

The growth of the ruble increased by 1-1.5% against the euro and the dollar, respectively.

The ruble value oil at the same time continued to fluctuate around the level of 2.8 thousand rubles.

Forecasts and recommendations

positive for the ruble remains the tax period, however, it should be noted that the short-term positive on meeting of the Fed and the ECB have already largely incorporated in the current exchange rate, and oil may well soon be adjusted downward, an overabundance of “black gold” is still here, said Ivan Kopeikin from the company “BCS Express”.

“at the same time at a price above $ 40 a barrel could soon begin growth of active drilling in the United States. Thus, the external background while continuing to play on the side of the Russian currency, but the situation in the near future is likely to change. Therefore, short positions on the pair dollar / ruble (in the hope of its decline), in my opinion, is gradually closing and search terms for cautious purchases, “- he said,

The key event will be a regular meeting of the Bank of Russia. said Yuri Kravchenko of IC “Veles Capital”. “Improving the external environment is the main reason for a possible reduction in the Central Bank key rate also markedly detached from the level of the key rate and inflation, dropping to 14 March in annual terms below 8%.”, – He added

“. Nevertheless, a significant inflationary risk remains the financing of the deficit of the Russian budget from the anti-crisis fund, which is expressed in an active inflow into the banking system of ruble liquidity on budgetary channel. in these circumstances, the Bank of Russia continues to limit the amount of funds provided to banks, thus demonstrating a clear concern with regard to monetary factors inflation “, – the expert believes

.” The current decrease in the key rate would go counter to the current restrictive limit policy of the Central Bank for the main instruments to provide liquidity regulator will not rush this step, at least until the end of April and will be limited. while softening its rhetoric against inflation risks, “- he praised Kravchenko

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