in addition, the dollar strengthens its positions, there is the strengthening of the Japanese yen, says a leading analyst “Discovery Broker” Andrei Kochetkov. Traditionally, these market dynamics are usually associated with a low risk appetite. “Accordingly, after the rapid strengthening of the ruble before a wave of profit-taking, but its influence kompensiruet the continuing growth of quotations of oil,” – said Kochetkov.
in addition, the Russian Finance Ministry has opposed the scheme of buying OFZ state-owned banks in terms of extending the REPO. “The Ministry of Finance anxiously looks at such proposals,” – said Finance Minister Anton Siluanov in an interview to “Vedomosti”. Accordingly, hopes to form a similarity pyramid, a few withered, and with them an increased demand for rubles, Kochetkov points.
the first may holidays an additional pressure on the ruble was the lack of Bank of Russia operations, but nevertheless, the ruble has shown dynamics better than other currencies of developing countries, said the head of analytical Department of Bank “St.-Petersburg” Andrey Kadulin. In the next two weeks because of the long weekend, trading activity in the Russian market will be reduced, so without the support of the Central Bank rate can nervously react in case of negative news in Western markets, he admits. However, most likely, the Russian currency will remain close to 74-75 rubles per dollar, predicts Kadulin.