The Russian national currency during today’s trading on the Moscow exchange is weakening the dollar and the Euro, the U.S. currency for the first time since September 12 of this year in time exceeded 65 rubles.
As of 15:58 Moscow time the dollar exchange rate calculations “tomorrow” increased by 25 kopecks to the previous close to the ruble of 64.95. The rate of Euro by this time rose by 4 cents to 70,7875 of the ruble, according to data exchange.
However, says IAC senior analyst “Alpari” Anna Bodrova, “the ruble is getting pretty smoothly on Monday, although the external background leaves much to be desired”. “The dollar comes on all fronts, the oil in the hard red and can’t seem to stop. “Russian” has some margin of safety, and because current pitching should not especially disturb”, — the expert believes.
For their part, analysts at FxPro in mind that “the Russian currency in September was up more than 5% against the dollar and the Euro.” “However, the month ends on a sad note. The ruble is now much overheated and runs the risk of significantly to cool off in the next month”, — experts warn.
Thus, in their view, “it is impossible to exclude even more dramatic losses for the Russian currency”. “The number of potential vulnerabilities should include the superheated world of the stock market, hyped hopes for progress in trade negotiations, amid the escalating scandal surrounding the impeachment of (President Donald) trump,” reads the report of the experts.
Meanwhile, points out the analyst of “VELES the Capital” Elena Kozhuhova, “oil prices accelerated the fall and lose about 1% on the back of Friday’s news about the full restoration of oil production in Saudi Arabia (after a perfect September 14, drone attacks on oil objects of the country — ed.)”.
In General, the expert said, “with the break below important supports, the sale of shares may be accelerated, taking away the ruble and oil prices due to overall risk aversion”.
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