The US dollar at the auction on Monday, September 10, overcame the psychologically important mark of 70 rubles. Thus, the US currency rose to its highest level since March 2016. The preconditions for slowing the fall of the ruble are not expected, although a small increase in the exchange rate within the correction. As of 10:01 MSK the American currency has grown by 13 cents. Her rate was 70.05 rubles. Meanwhile, the "European" went up by 24 kopecks, reaching 80.88 rubles per unit, according to the website of the Moscow Stock Exchange. The colossal pressure on the ruble continues to be highly likely that the US authorities will introduce a new package of anti-Russian restrictions. Last week, US lawmakers returned from vacation and began to discuss another sanctions bill. Investors have caused a poorly concealed panic, although such a scenario is played out by the market for quite some time. "Following the meeting in the Congress, the possibility of strengthening sanctions on new issues of Russian federal loan bonds (OFZ) has increased, while the ban on dollar transactions will not affect the largest financial organizations. In the absence of oil shocks, this will stabilize the exchange rate of the national currency near current levels. However, the short-term growth of the dollar above 70 rubles is possible at the time of the announcement of sanctions for new issues of OFZ, "Valery Bezuglov, an analyst with the IR Fridom Finance, said in an interview with Rossiyskaya Gazeta. Another factor playing against the ruble was the continuing weakening of the currencies of developing countries against the US dollar. "Rossiyanin" falls into this trend: market participants against the background of the preservation of threats related to the American-Chinese trade wars, do not risk investing in risky assets. In addition, the strengthening of the dollar to the leading world currencies leads to a tightening of the monetary policy of the Federal Reserve System. The probability of an American regulator raising the rate to 2-2.25% at a meeting on September 26 is estimated to be above 95%. This led to an increase in the yield of ten-year bonds to 2.94%. "The ruble continues to be adversely affected by the outflow of foreign investors from Russian assets amid the risk of introducing new anti-Russian sanctions by the United States and the EU, as well as the weakening of the national currencies of developing countries and large payments for external debt in September," concluded Alpari analyst, Vladislav Antonov (quoted on "Prime"). Pressure on the ruble is also associated with the statements of the Bank of Russia on the probable increase in the key rate already at the next meeting - September 14. To this, it is necessary to add the current drop in oil quotations.
Last week, prices for black gold grew because of fears over the hurricane "Florence", which raged over the US. However, now the element has receded, and the Brent brand has fallen in price from $ 79 to $ 76. "It is most likely that this week the pressure on the ruble will continue. The national currency will be exposed, first of all, to the news background. The expected trading range of the Russian currency this week will be within the range of 68-71 rubles, "concluded Bezuglov.