Ruble: fate will be determined after the decision of the Central Bank of Russia
The greenback ended the session on Thursday at the level of RUB 64,65, strengthening by 0.5%. The Euro rose 0.3% to 71,97 RUB.
By this morning, the oil remains under pressure in the correction after the previous wave increases and costs $73,43 per barrel of Brent. Approaching the may holidays, and the Russian market is clearly preparing them. It does not add optimism ruble, although no panic either.
The focus of today’s session is a meeting of the Bank of Russia and its decision on interest rates. With high probability the BOJ will keep rates unchanged, but will give indication of imminent revision. This should slightly weaken the ruble.
Today’s auction for USD will be held within the boundaries of 6450-65,35 RUB, Euro — of 71.70-72,35 RUB.
________________ Anna Bodrova,
Senior analyst at information-analytical center,