Ruble in the black on a background of the payment of the severance tax and stop the oil drop

The ruble traded in positive territory on Thursday trading session - enabled him to serve the rest flows to the sale of export proceeds under the current severance tax payment and stop the decline of crude oil, but as the reduction in sales and the absence of positive dynamics of Russian may continue to change the sign.

Market activity and stock limited amounts of expectations Friday speech Fed chairman.

"We believe calm market dynamics with an eye on the dynamics of quotations of raw materials will continue until the end of the week, when the new signals to be received from the head of the Federal Reserve Janet Yellen on her speech in Jackson Hole"- said in a research report of Rosbank.

The dollar / ruble calculations "tomorrow" 13.30 to 64.90 near MSCs was, by 0.4 percent below the closing level of the medium.

Since the beginning of the day quotes did not extend beyond the narrow corridor 64,78-65,06rublya per dollar, while the volume of transactions barely crossed the $ 1.4 billion.

euro calculations "tomorrow" to 13.30 MSK mark was at 73.30 Ruble, 0.1 percent lower than the previous closing.

"Partial recovery of oil products after drawdown on data from the US Department of Energy, suspension dollar increase in global markets, as well as peak taxes will support Russian currency in the short interval"- said Denis Davydov bank Nordea. In his view, the dollar / ruble short-term stay in the range 64,00-65,50.

Brent crude is now trading with minimal positive changes slightly above $ 49 per barrel, while the day before she fell 1.8 percent after the news about the growth of oil reserves in the United States.

Brent went below $ 50 per barrel due to fears of oversupply on world markets due to the abundance of raw material stocks in the US and Asia.

At the same time quotes and do not fall much below $ 49 per barrel, and in general, according to analysts of Raiffeisenbank, oil reaction to evidence of an increase in US stocks was "very weak"Because the market there is hope on the effectiveness of the September talks about the production freeze-producing countries.

Expectations to limit production measures have led to an increase in Brent quotations to a two-month high of $ 51.22 a barrel at the end of last week.

Thursday completed the payment of the severance tax, VAT and excise duties, and the size is important for exporters of the tax on extraction of mineral resources estimated by analysts in the range 200-370 billion rubles. Income tax payment which will end on August 29 surveyed analysts estimate as early as 120-250 billion.

In dollar on Thursday dominated by a negative trend in most currency pairs after a moderate growth of the previous day, the activity is lowered before the meeting of the heads of the world's central in Wyoming, USA (25-27 August). Tomorrow at this symposium at 17:00 GMT Fed Chairman should act Janet Yellen, from which some market participants are waiting for the tightening of rhetoric.

earlier sounded "hawk" comments Fed Vice Chair Stenli Fishera and the Federal Reserve Bank of New York Uilyama Dadli reinforced expectations of some investors about what Yellen may also choose a less cautious tone, hinting at the possibility of raising interest rates this year.

EUR / USD pair is trading near $ 1.1295, and the dollar is getting cheaper by 0.3 percent, the dollar index lost a basket of currencies of 0.2 percent since the beginning of the day and is estimated to be 94.61 points.

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