The ruble has won back most of the losses, “Black Monday” – RBC

Photo: Oleg Yakovlev / RBC

the evening of August 24 dollar exchange rate dropped to a daily low of 69.88 in rubles. – Lower than at the opening of trading on the Moscow stock exchange – allowing the Russian currency to play daily losses. The depreciation of the US currency began after reaching a peak of 71.61 rubles. per dollar at 17:00 MSK.

By 21:00 MSK dollar traded in the green zone in the mark of 70 rubles. As of 20:44 MSK the greenback was worth 69.95 rubles. This 0.8 rubles. (1.22%) higher than the opening on Monday.

The euro also declined significantly after reaching a day high of 83.62 rubles. At the same time at 20:45 MSK, he was traded at around 81.04 rubles., Which is 0.4 rubles. (3.06%) higher than in the opening exchanges.

Restoration of the Russian currency against the background of a partial rebound in prices for oil quotations, which, however, remained below the level of the opening of trading on the stock exchange ICE. As of 20:51 MSK October crude oil futures for North Sea Brent crude traded at around $ 43.72 per barrel. In the course of trading on Monday, at a minimum cost of $ 42.52 reached / bbl., Updating the six-year record.

According to analysts, the rebound in prices is explained by the strong volatility, which was established in the market. “Against the background of low oil exchange market is very volatile. This – not rebound on the basis of specific factors, and jumps in different directions. On Tuesday, the market is unlikely to calm down – too high a voltage on the world markets “, – said Alexander Mulberger, head of trading in the currency market FY BCS. According to him, the Russian market “infected” volatility is unlikely to go away in a day.

Vadim Bit -Avragim, senior portfolio manager of the Criminal Code “Kapital”, he said that at present the market depends on the price oil, the economy of China and the decision of the Federal Reserve System of the base interest rate of the United States.

«If China began to slow more than predicted by experts, it will affect the entire world economy. Then drop in oil prices may continue to have on the background of declining demand from the US, China and other developed countries, resulting in a further weakening of the ruble. While at the bottom of the oil is not visible, so the weakening of the ruble will continue, although at these levels is possible a small technical rebound, “- said Bit -Avragim.

US stock market indices are still in the red. According to Bloomberg, S & amp; P 500, Dow Jones and NASDAQ have started to decline again after the correction that followed the collapse of a major at the opening of trading on Monday, 24th of July. By 21:40 MSK all the indices were in the red zone. Dow Jones and the NASDAQ fell by 2.35% and 2.62% respectively, while the S & amp; P 500 lost 2, 88%.