The foreign exchange market. Oil prices push the ruble to 59

The Ruble could go up a little to 59,80 mainly due to the positive dynamics of oil prices. Brent managed to gain a foothold above the strong psychological level of $ 50.00./Barr. All other factors were in favor of sales of the Russian currency.

Obstreperous from the end of the tax period, reduces the demand for the ruble. Forget about the fact that a bill to expand sanctions against Russia was adopted by the majority in the U.S. House of representatives. Not even going to think about increasing the dollar ahead of the fed meeting on monetary policy.

If now the whole emphasis on oil and Brent can hold above $ 50.00./Barr. – this shows the potential growth of the ruble. Yesterday's data from the American petroleum Institute pleased: inventories decreased by 10.2 million barrels. For comparison, last week they even increased by 1,628 million Today, the report of the US Department of energy showed the decline from 7.2 million compared to the forecast -2,6 million barrels. Everything is for growth Brent, and with it the ruble.

USD/RUB may come down to 59,00 in the next few days.

Warning: Profitability in the past does not mean profitability in the future. Any projections are for informational purposes and do not guarantee results.

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Not found economic events 2017-07-27 on 2017-07-27