Domestic currency remains stable against expectations of negative consequences from the introduction by the United States of new restrictive measures against Russia. Despite the collapse of the ruble predicted by analysts, the "wooden" calculations during today's trading on the Moscow stock exchange "tomorrow" calculations slightly strengthened against the dollar. As of 13:30 $ 1 was worth 56.26 rubles, which is 2 pennies less than yesterday's closing level. The official rate, set by the Bank of Russia on January 30, was tightened to this indicator and amounted to 56.29 rubles. This is 46 kopeks more than yesterday's official rate. It was clearly understated and was the lowest value since July 4, 2015. On the ruble with the same force there are two differently directed factors. On the one hand, these are new US sanctions against individuals and legal entities from Russia and the expectation of the publication of the so-called Kremlin report.
These circumstances do not directly affect the stability of the Russian economy and the foreign exchange market, but create the uncertainty that investors seek to avoid. Under the pressure of sanctions news, the ruble exchange rate may reverse and begin to decline. Fear of sanctions also led to a decline in the index of government bonds of Russia (RGBI), says Alpari analyst Vladislav Antonov. The RGBI index fell by 0.14%, to the level of 142.34. A fall below 142.22 should be regarded as a negative signal for the debt market and the ruble. The strengthening of the ruble is also hindered by the upward correction of dollar quotes, which began on the global currency market. Prior to this, for several weeks, the US currency was rapidly becoming cheaper around the world. However, another factor proved to be stronger. High oil prices do not cease to please exporters. It seems that the price of black gold finally consolidated above $ 70 per barrel and in the near future does not intend to go lower.
Last Friday, January 26, the most traded March futures for the European benchmark Brent grade on the London Stock Exchange ICE rose by $ 0.1 to $ 70.52 per barrel (+ 0.14%), returning to the highs since December 3, 2014. This morning, the barrel of Brent crude oil is trading around $ 70 per barrel, down 0.7% from Friday's highs. However, the growing trend in oil so far remains in force. Experts believe that the target of growth is the level of $ 72 per barrel. In the coming days (or maybe weeks), the price of black gold will gradually rise to this mark.