Select your city:
Moscow
JSC VTB Bank (Russia)
Go to site

VTB Bank call center

+7 (800) 200-77-99
+7 (495) 739-77-99
For general information and enquiries

Tags's search

ruble

  • 9
    JUL12
    Ruble REER continued to weaken in June, declining 4.3% MoM

    The ruble real effective exchange rate weakened 4.3% MoM in June, intensifying from a drop of 1.7% MoM (CBR upgraded May data from -2.0% MoM), bringing the YTD change to a negative value of -0.4% (from +4.0% in January-May). The ruble fell against the dollar,...

  • 18
    SEP15
    RUB: volatile session

    Oil and the FOMC meeting meant that RUB was jittery yesterday. RUB opened flat, but Brent slipping below USD 49.5/bbl spoiled risk sentiment, triggering profit-taking on the Russian FX market. Throughout the Moscow session, RUB was on a downward trajectory, ignoring Brent’s attempts to recover. In the evening, the pressure on oil mounted, sending Brent as low as USD 48.3/bbl and RUB to 66.20 against USD. However, after the non-event FOMC meeting, Brent bounced to USD 49.5/bbl, but failed consolidate...

  • 17
    SEP15
    RUB: chasing oil

    Yesterday, the upturn on the Russian FX market continued, supported by the rally on the oil market. Brent jumped to USD 48/bbl right from the morning and moved steadily up thereafter. RUB readily followed oil’s performance, opening with a gap at 66.00 against USD. By the opening of the US markets, Brent crossed the USD 49/bbl level, hitting USD 50/bbl a couple of hours later. Against this backdrop, RUB tested 65.00, but closed a bit lower, as Brent stepped back to USD 49.8/bbl, finally gaining 6...

  • 16
    SEP15
    RUB: catching up with oil prices

    Yesterday was another strong session, with RUB continuing to outperform EM peers. Trading activity was decent, with MICEX turnover picking up to USD 5.0bn. RUB kicked off on a stronger footing, moving below 67.00 against USD in the early trading hours. At the end of the Moscow session, RUB tested the 66.55 level, but found strong resistance there, rolling to 66.76 (+1.2%) by the close. The crude market provided a supportive background, albeit oil’s performance looked much more moderate than RUB’s...

  • 15
    SEP15
    RUB: ahead of peers

    Yesterday, the Russian FX market had a strong session, visibly outperforming peers, despite the meltdown in oil prices. RUB kicked off stronger right from the morning, touching 67.80 against USD at the opening. In the second half of the session, RUB gained more support and even flirted with 67.20 at one point. However, drying liquidity coupled with crude’s negative dynamics trimmed some of RUB’s intraday gains, so RUB closed at 67.53 for a rise of 0.7% against USD. Trading activity was moderate:...

  • 14
    SEP15
    RUB: resisting pressure

    RUB ended the week on a softer footing, finding no support on the oil market. Brent slipped into the red right from the morning, testing USD 47.2/bbl in the middle of the day. With the opening of the US markets, oil bottomed out, but failed to close above the waterline: Brent stopped at USD 48.1/bbl, surrendering 1.5% over the session. Oil’s correction shaped the dynamics on the Russian FX market, though this time RUB looked much more resilient than in the recent days. At the opening, USDRUB hit...

  • 14
    SEP15
    Macro week ahead – IP and main data package for August in Russia to illustrate immediate effects of RUB weakness on the economy

    The most important statistical release this week is on Thursday, when Rosstat publishes its main data package for August, detailing retail sales, unemployment, real wages and other key data. However, before then we also have the industrial production report on Tuesday. The political agenda for the current week is rather tight, with President Vladimir Putin scheduled to meet with the presidents of Tajikistan (14-15 September), Kazakhstan (16 September) and Belarus (18 September). The opening of the...

  • 11
    SEP15
    RUB: supported by oil

    In the morning, oil continued to move south, damping risk sentiment on the Russian FX market. Hence, RUB kicked off softer, weakening to 68.85 against USD at the opening. However, after testing USD 47/bbl, Brent’s dynamics reversed, and by noon it had climbed to USD 48/bbl, providing support for RUB. Given expectations over US crude stocks statistics, oil lost momentum for a while, but soon resumed its ascent, climbing to USD 48.90/bbl (+2.8%) by the close. The US DoE data was mixed. Crude inventories...

  • 10
    SEP15
    RUB: back to square one

    RUB started the session on a stronger footing, hovering in a narrow range of 67.3-67.7 against USD. The oil market provided support, as Brent flirted with USD 50/bbl. However, crude lost momentum in the afternoon, spoiling risk sentiment on the Russian FX market. With the opening of the US markets, the pressure on oil mounted, so Brent declined to USD 47.6/bbl (-3.9%) by the close, losing all the gains of the previous session. Accordingly, RUB followed oil, but this time it looked a bit more resilient...

  • 9
    SEP15
    RUB: imperfect symmetry

    With the end of US holiday, trading activity increased a bit, but still remained moderate: MICEX reporting USD 3.9bn of turnover (although trading was halted for a couple of hours due to a technical malfunction). Oil settled on an upward trend right from the morning, driving sentiment on the Russian FX market. Hence, RUB opened stronger, touching 68.50 against USD. In the afternoon, Brent reached USD 49/bbl, helping RUB to approach 68.00, but oil’s sudden dip to USD 48/bbl sent USDRUB temporarily...

  • 8
    SEP15
    RUB: weaker again

    Due to the Labour Day holiday in the US, trading activity on the Russian FX market was subdued yesterday, with MICEX turnover amounting to only USD 3.1bn. The first half of the session was rather slow, with USDRUB trading at 68.30 and paying little attention to oil’s softer performance. Things only started to move faster in the evening, when Brent quotes slid below USD 48.5/bbl, breaking the lull on the Russian FX market. By the close, Brent slipped to USD 47.6/bbl, losing 4.0% over the day. Against...

  • 7
    SEP15
    RUB: finding no support from oil

    On Friday, the Russian FX market continued to trade on a softer footing, following oil’s weaker performance. In the morning, Brent slipped under USD 50/bbl, which pushed USDRUB to 68.0. However, crude soon recovered back to USD 50.5/bbl, helping RUB to consolidate near 67.60. The pressure on RUB resumed after the US markets opened, when oil turned into correction mode, slipping to USD 49.6/bbl (-2.6%) by the close. As a result, RUB edged down to 68.50, weakening 3.0% against USD on Friday.

  • 4
    SEP15
    RUB: on its own way

    Volatility on the Russian FX market persisted yesterday, while RUB continued to trade a little bit asynchronously with oil. MICEX turnover remained elevated, totalling USD 6.1bn yesterday, with the market using every USDRUB dip for buying, dampening support from the oil side. In the first half of the day Brent was hovering near the previous day’s close, not giving RUB any reason to weaken. Nevertheless, right from the opening USDRUB started moving north, peaking at 67.68 in the middle of the session...

  • 3
    SEP15
    RUB: choppy trading

    Trading activity in the Russian exchange market is at decent levels – yesterday, the MICEX reported USD 7.5bn turnover in USDRUB. Sentiment in the market is still shaped mainly by the swings in crude oil, which is rather volatile these days. Brent started the session in the red having dipped to USD 48.5/bbl, later bouncing to USD 50.8/bbl just to drop to USD 47.7/bbl within a couple of hours. However, at the end of the day crude closed in the black at USD 50.5/bbl (+1.9%). RUB dynamics were a bit...

  • 2
    SEP15
    RUB: oil roller coaster

    Price action in the Russian FX market is still mostly about sentiment in the oil market. Yesterday, already in the morning, Brent quotes slipped below USD 53/bbl, with oil unsuccessfully trying to break back through this level. Moreover, in the evening Brent dipped below USD 50/bbl and touched USD 48.5/bbl. In the end, it closed at USD 49.6/bbl, losing 8.5% during the session. In the light of this, USDRUB opened with a gap higher having touched 65.70 in the first trading hour. In the afternoon, RUB...

  • 1
    SEP15
    RUB: oil rally continues

    Yesterday, oil helped the Russian FX market to take one more step forward. However, things looked different in the morning. After the recent rally, oil corrected to USD 49/bbl, hovering there in the first half of the session. RUB took this a bit dramatically, rolling back to 67.00 against USD – the level, where RUB traded back in the days when Brent was at USD 45/bbl. However, in the evening the oil market gained strong momentum after the publication of the OPEC Bulletin, where the market saw some...

  • 31
    AUG15
    RUB: up with oil

    The Russian FX market ended the week on a positive note, continuing to benefit from the rebound on the oil market. On Friday, RUB opened strong, scratching 65.05 against USD, but Brent’s correction to USD 47/bbl cooled market sentiment, allowing USDRUB to climb to 67.25 by noon, where RUB hovered for a couple of hours until oil made another strong move, surging to USD 51/bbl in the evening. RUB immediately followed suit, starting to regain positions amid decent trading flow (MICEX turnover printed...

  • 28
    AUG15
    RUB: propelled by oil

      Yesterday, RUB advanced greatly, boosted by oil’s stellar performance. Oil kicked off on a stronger footing from the morning, easily moving above USD 44/bbl. The sawtooth upward trend in crude prices underpinned risk appetite on the Russian FX market, so RUB opened with a gap, touching 68.00 against USD in the first trading minutes. By the middle of the session, Brent crossed USD 45/bbl, while RUB reached 67.00, gaining an additional impulse from export selling ahead of CIT payments. Meantime,...

  • 27
    AUG15
    RUB: a small step forward

        Yesterday’s session was rather volatile for the Russian FX market, though oil did not post any substantial swings, and made timid attempts to recover. Trading flows declined a bit, but still remained decent, with MICEX turnover amounting to USD 6.2bn. At the opening, RUB strengthened to 68.40 against USD, but the momentum soon faded, and in the afternoon USDRUB was already flirting with 70.00. Brent was trading in a quite narrow range of USD 43.1-43.6/bbl, and even fresh EIA crude stock statistics...

  • 26
    AUG15
    RUB: Turnaround Tuesday

    Following Black Monday, it was Turnaround Tuesday, aided by a belated cut in interest rates and reserve requirements from the PBOC. A 7.6% drop in the Shanghai Composite index presumably provided the reason for the move. The response from the PBOC was enough to lift market sentiment, resulting in an increase in oil prices, the US dollar and some EM equity markets, with the Russian market being among them. Already in the morning, USDRUB moved below the 70.00 level and it continued to slide for the...

VTB group news subscribe
  • E-mail subscribe
  • RSS lent
    Subscribe
    Subscribe
Select a city
Russia
Azerbaijan
Georgia
Armenia
Belarus
Ukraine
Kazakhstan
Serbia
Angola
China
India
Austria
Germany
France
A
B
V
G
D
E
Z
I
K
L
M
N
O
P
R
S
T
U
H
K
C
S
I
Y
K
B
B
G
K
M
O
P
R
T
A
B
V
G
D
E
I
K
M
N
R
S
T
C
E
B
V
H
K
M
N
O
P
S
B
V
D
Z
I
K
L
M
N
O
P
R
T
U
K
C
A
K
P
T
U
O
S
B
L
S
N
W
F
P