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The ruble will continue to strengthen before the next long weekend

Forex Club 04.01.2019 at 10:55

The Ruble continues to strengthen against the dollar and the Euro amid rising oil prices. Low trading activity before the next long holidays supports the purchase of the ruble on the Russian currency market, but trading volumes are small.

the dollar exchange Rate calculations "tomorrow" at 13.00 decreased by 29.5 cents to 68,35 of the ruble. The Euro by this time dropped 29 cents, to 77.96 ruble.

the growth of the Russian currency against the background of the continued strengthening of world oil prices, which rise by 2% to $57,08 per barrel of Brent. Oil prices are rising . by the fact that production in Libya's largest oil field Sharara a decrease of 8.5 thousand barrels per day after a major theft of equipment.

Probably in the short term, the ruble will continue to strengthen, with the support of oil prices. The dollar may fall to 68.2 ruble, the Euro rate to 77.7 rubles. However, trading volume is not high, therefore, until after new year's dynamics of the Russian currency is not very significant. The following trading session on the Russian currency market will now take place only on January 8.

Market, USA, dollar, oil, ruble, Forex club

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