In the first hours of trading on Monday, the ruble fell sharply against the dollar

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Ruble for the first half hour of trading on Monday fell sharply against the dollar, following the currencies of developing countries. But then “Russian” partially erased losses based on the positive dynamics of oil.
“Black gold” is growing ahead of the meeting of representatives of OPEC, American shale producers on the CERAWeek conference in Houston. Investors expect that the parties will come to understanding how to get rid of excess supply of critical raw materials without compromising anyone’s interests.
Positive influence on quotations has also dollar uncertainty caused by harsh statements of U.S. President Donald trump. The White house announced the introduction of tariffs on imports of aluminum and steel, which was with the anxiety perceived by observers.
Expected trading range for today is 56,55 – 57,55 RUB/USD.
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Vladimir Zotov
Head of Directorate of financial markets
The Ural Bank for reconstruction and development