The ruble is trying to strengthen at the auction on Monday, reflecting high oil prices. Support in the first half of the day are the residual sales of export proceeds under the payment of income tax. The Russian currency is rising by 0.5 percent to 57,77 per dollar.
The Euro also lower against the ruble — to to 67, 23.
Oil held on Monday above $ 60 per barrel of Brent amid investors ‘ optimism in otnoshenii the future extension of the transaction OPEC+.
Speculators again began to put on the growth of oil. Hedge funds increased net long position in oil for 15 041 contract to 280 634 of futures and options, according to data of the Commission on trade commodity futures.
However, these favorable factors will not lead to a strong appreciation of the ruble this week. The main obstacle to a full-fledged ralii will be a «calendar» factor. Short on the eve of the November holidays usually there is a growing demand for currency, the players in this period close positions on the ruble.
The external restriction to growth of the ruble could become economic statistics in the United States, which can lead to the strengthening of the dollar and additional pressure on the ruble.
However, a situation where the growth of quotations of oil leads to a significant strengthening of the ruble is favorable for the budget. The ruble value of Brent crude oil recently rose to a comfortable level — 3500 rubles.