Wednesday, June 1, 2011

While Kudrin - Minister of Finance, with the ruble can not worry

"Today is the beginning of trading the price of oil rose. Therefore, the players were waiting for the ruble, "- says Yuri Bank.ru Obolentsev, head of foreign exchange operations, World Bank. "As a result, in early trading, the ruble has appreciated sharply by 20 cents. However, within days of his quotes back to yesterday's close of trading. That is, in fact, no significant changes in the Russian currency market today were not. Apparently, in the near future, the dollar will trade in the region 31.10-29.80 rubles per U.S. currency. The world currency market speculators tried to play against the euro. In particular, using as an excuse to publish in the prestigious financial magazine, USA. The article said that China is reviewing its investment policy and will no longer buy bonds denominated in euros. PRC authorities officially denied this information. Thus, the "push" the euro failed speculator. Investors have decided to stop selling until the single European currency. The market returned to equilibrium. In the future, much depends on the decisions adopted by the summit of G20 («Big Twenty"), to be attended by national leaders of the 20 most powerful countries in the world. Significant reduction in the euro so many worries, including the United States. Market participants are waiting for a declaration of intent, information about that world leaders are prepared to take to address the euro area. And most importantly, what should be done to prevent the spread of the debt crisis around the world. Before the summit, a significant change in the balance of power in the global foreign exchange market will not, investors will take a break. Today, once again rose in price oil. The cost of "black gold" again rose to 75-76 dollars per barrel. High volatility in the market. Range of fluctuations in oil prices will be very large - 68-84 dollars per barrel. In my opinion, the current price level is acceptable for both sellers and buyers. I note that now the emphasis shifts. Demand for oil in many respects, forms China. And from him, to a large extent, depends on the price of oil. The lower boundary of $ 68 is acceptable for our economy. When a negative scenario oil prices could fall to 58-68 dollars per barrel. The dollar will rise to 34-35 rubles. But the collapse of the ruble will not be. At Bank of Russia has enough forces to prevent it. While Alexei Kudrin, finance minister remains, the ruble is not threatened. Substantial inflation, he will not permit "- the expert believes. At 16:59 MSK on the UTS MICEX dollar rose 30.5146 rubles (-0.3486), euro - up to 37.7700 (-0.1639).

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