The ruble began trading at the level of yesterday’s close based on oil

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The ruble began trading at the level of yesterday’s closing, with the support from rising oil prices and payments in the framework of the tax period. The international scandal over the expulsion of dozens of Russian diplomats playing against the national currency.
Quotations of “black gold” rushed up, the main reason – reducing the likelihood of a full-scale trade war between the US and China, could have a negative impact on the dynamics of the world economy. It became known that Washington and Beijing are trying to bring closer their positions; the results of these contacts, as well as data on stocks of crude oil in the focus of investors.
The dollar is losing positions against the return of interest of players to risky assets. In addition, the impact of internal contradictions in the United States.
Expected trading range for today is 56,65 – 57,65 RUB/USD.
Vladimir Zotov
Head of Directorate of financial markets
The Ural Bank for reconstruction and development