Weakening the position of "green" to a single European currency leads to the fact that the ruble is gradually gaining strength. At the auction on the Moscow Stock Exchange on Wednesday, May 30, the Russian currency rose to the dollar by 26 cents, along the way weakening against the euro by 16 cents. As of 11:15, the value of $ 1 dropped to 62.55 rubles, the euro rose to 72.57 rubles. The vigorous growth of the "European" against the dollar (by 0.4% per day) is explained by the release of positive data on the state of affairs in the European economy. For example, statistics showed that in Germany the retail sales volumes. On the other hand, the dollar is losing ground due to a decrease in foreign policy tension. The United States and North Korea are preparing for the historic talks of the top officials in Singapore. Investors are optimistic about the future, they are again awakened by interest in risky assets, which makes the dollar lose value. However, the situation may change in the twinkling of an eye. If the negotiations between Donald Trump and Kim Jong-un break, and the political crisis in Italy will unfold on the worst scenario, involving re-elections to parliament and the coming to power of Eurosceptics, the euro will rush down, and the dollar will once again be on horseback. Such fluctuations should not have a noticeable effect on the ruble. Fluctuations of the exchange rate will occur, but the value of the bi-currency basket will remain almost unchanged. The lateral movement of ruble quotations is explained by stable prices for oil. After jumping to around $ 80 a barrel last week, black gold returned to the "usual" positions of $ 75. On the eve of the oil quotes showed a fall in the fifth session in a row to the lowest level since mid-April. News that OPEC countries and Russia are discussing a possible increase in production compensate for the reduction in oil supplies from Venezuela and Iran. "The market is in a corrective phase. Sellers in oil will not rest until they reach the level of 72.81. A decline in oil quotations will put pressure on the Russian currency.

Therefore, the ruble exchange rate will remain in the sideways trend with a downward slope, "- believes analyst Alpari company Vladislav Antonov. The main negative factor for the ruble in the circumstances was the intervention of the Ministry of Finance. "The constant local pressure on the ruble is now the daily purchase by the Central Bank of the currency for the Ministry of Finance, about $ 260 million a day, in the amount of 322.8 billion rubles allocated for the current month within the framework of additional oil and gas budget revenues," notes Financial One.