Rus News Journal

The rouble has left in peak: cheap oil and bad news from the West

a dollar Official rate to the rouble, established by Bank of Russia since May, 17th 2012 are guilty., has grown for 65 copeck and has made 30,9758 rbl./ dollars
the Auctions in the Russian currency market of the Moscow Interbank Stock Exchange have begun on May, 16th with sharp falling of a rouble exchange rate in relation to dollar and euro. Already by 11:30 Moscow time the Russian currency concerning dollar has fallen in price for 58 copeck, concerning euro - for 29 copeck
the Reason of falling experts name negative news from the world financial markets and sharp reduction of prices on oil. Quotations of oil WTI (Light Sweet) today for the first time for five months have given below a mark 93 dollars/ barr. The prices for oil decrease from - for the further strengthenings of positions of the American dollar on FOREX, and also from - for fears more essential, than it was supposed, increases in the USA commercial stocks of crude oil which to the beginning of May have already reached a maximum level almost for 22 years - 379,5 million barr.
Sharp movements of quotations at all do not promote increase of interest from participants of the market who will continue to get rid of all tools connected with oil. Raw currencies lose in costs, and rouble here not an exception - analysts " mark; Uralsib Kepital .
The mite in rouble exchange rate falling was brought by new problems in Greece where yesterday and the agreement on government formation has not been reached.
the failure in the course of formation of the Greek government obvalil EUR/ USD, on what rouble also has answered with a failure. The further succession of events will depend on foreign players and speed of a conclusion of the capital from the Russian actives - analysts ING consider.
the Average rate of dollar calculations tomorrow as of 11:50 made Moscow time 30,9819 rbl./ dollars that for 59 copeck above level of closing of the last trading day. Thus the average rate of euro calculations tomorrow as of 11:50 made Moscow time 39,3198 rbl./ euro that for 30 copeck above level of closing of the last trading day.
cost of a basket of Bank of Russia as of 12:07 made Moscow time 34,7182 rbl. that for 27 copeck above level of closing of the last trading day.
we will remind, an US dollar official rate to the rouble, established by Bank of Russia for May, 16th 2012., makes 30,3299 rbl./ dollars, an euro exchange rate - 38,9830 rbl./ euro.