Ruble recovered from shock and ready for new

05 October 2018, 16:29 | Economy
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The failure of the "wooden" on the stock exchange, which occurred the day before, was short-lived. Today, the ruble came to life and again began to grow in price. The government sees nothing surprising in this: rate fluctuations are inevitable, but fundamentally they do not affect the value of the Russian currency. Since the beginning of the trading session, the US dollar slipped by 39 kopecks. As of 11:09 Moscow time its cost amounted to 66.63 rubles.. At the same time, the euro fell by 52 kopecks, falling to 76.62 rubles. This is stated on the website of the Moscow Exchange. If the trend continues, until the end of the day the ruble can fully play yesterday's fall. On Thursday, October 4, the dollar rose by 1.16 rubles, the euro - by 1.52 rubles. Experts have linked the collapse of quotations with a decrease in oil prices and plans for the UK to introduce new sanctions against our country. Thus, the cost of a barrel of Brent fell from $ 86.71 to $ 84.13. “If support at $ 84 does not stand, then the ruble should not expect support from the oil market until mid-October,” said Alpari analyst Vladislav Antonov (quoted from Prime). The reason for the exacerbation of the sanctions rhetoric was the statement of the Netherlands that they, together with the UK, prevented a cyber attack by Russia on the Organization for the Prohibition of Chemical Weapons.

Following this story, the Dutch authorities detained and expelled four alleged GRU officers with diplomatic passports from the country.. The situation has led to a weakening of the ruble, but the ruble can become even stronger when the West moves from threats to a discussion of specific parameters of sanctions.. Today, Brent has become more expensive. The price has recovered to the level of $ 85.03 per barrel. Therefore, the ruble reacted positively. Russia's Minister of Economic Development Maxim Oreshkin does not see a catastrophe in that the value of the ruble rises and falls. According to him, global volatility has an impact on the “Russian” rate, but this is only a short-term impact..

The Minister drew attention to the fact that the situation in global markets has again become aggravated.. The yield on ten-year US bonds grew again and rose to the next maximum of 3.2%. From this comes a serious weakening across the entire spectrum of currencies of developing countries, says URA. Ru. "Our course is floating, so changes in global sentiment always have a short-term impact on the course," concluded Oreshkin, adding that in the long-term, expectations about the exchange rate of the national currency did not change.




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