Скачать или смотреть RUB gains allure for investors

Ruble bulls eased their activity today. After massive long positions on the ruble, the dollar/ruble pair is consolidating next to the intraday lows.
Meanwhile, the Russian ruble has rallied to an 11-month high against the US dollar. Today, the dollar/ruble pair is next to the support level of 62.20.
The market is likely to be in wait-and-see mode today as the big focus is the US jobs data tomorrow. Investors are keen to find out a change in the US nonfarm employment and a growth rate of average earnings. Currency strategists say this data could give investors a clue about further sentiment on risky assets.
Experts at Credit Suisse view the Russian ruble as one of the most lucrative investments. Analysts expect the ruble to maintain the momentum. Recently, the oil rally provides the Russian currency with support.
Today, Brent crude global benchmark grade is again trying to break through the resistance level of 52 US dollars a barrel.
Oil is extending gains amid the news on a sharp reduction in US inventories. The US Energy Information Administration reported that domestic oil stocks fell 2.976 million barrels last week, down for the fifth straight week. The surprise drop confounded expectations for an increase of 1.750 million barrels.
Traders are taking this information with a pinch of salt as growing oil prices encourage US oil drillers to resume their activity and increase shale oil production. As the global oil glut still persists, energy investors are going to exercise caution until the production freeze deal is ratified at the official OPEC meeting in November.
Long-term forecasts of the oil market are overshadowed by growing geopolitical tensions between Russia and the West. Such tensions pose a threat to a further reinforcement of the Russian ruble.

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