The ruble had hidden reserves

20 December 2017, 12:02 | Economy 
фото с YTPO.ru

After yesterday's decline in the ruble rate to major foreign currencies, today the national currency has every chance to restore its reputation. Experts do not exclude that at the end of the trading day, the ruble will return to the usual level. Trading on the Moscow Stock Exchange opened with the growth of ruble quotes. As of 11:00 Moscow time, $ 1 was worth 58.73 rubles, which is 3 kopecks below yesterday's level, and 1 euro lost 6 kopecks in price and was worth 69.5 rubles. The day before in the course of trading, the ruble lost 10 kopecks against the US currency and immediately 47 kopecks against the single European currency. This was due to the fact that traders actively bought dollars before the final vote on the US tax reform bill. The reform implies, in particular, a reduction in the corporate tax, why the US economy can grow, and the rate of the overseas currency - rise. Oil traded without hesitation, and therefore could not in any way support the ruble. Today, other factors are entering into force, much more positive for the ruble. First, the price of Brent oil resumed growth. Today, a barrel of black gold costs more than $ 63, which means that investors have more confidence in the ruble too, believes Alpari analyst Vladislav Antonov. Secondly, the demand for federal loan bonds remains consistently high, and decided to take advantage of the RF Ministry of Finance. The agency plans to start auctions for the sale of Russian debt securities for a total of 45 billion rubles. Buyers will tear them off with their hands, and this will add weight to the Russian currency.

Analysts believe that in the next couple of weeks, all fluctuations in the ruble rate will occur in a fairly narrow range. Whatever happened to the Russian currency, it will strive for its "comfort zone". The dollar / ruble tends toward the level of 59 rubles, while the euro / ruble pair is consolidating at the level of 69-69.7 rubles. It is with such figures that currency holders will meet the New Year.

Источник: YTPO.ru