The ruble ended the day Friday and the dollar followed the oil

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The ruble strengthened against the dollar and the Euro as oil strengthened above $ 74 per barrel. In addition, the ruble helped the tax period, after which it will be in Monday. As a result, the USD/RUB ended on Friday with a decline of 16 cents – 62.8 ruble EUR/RUB – on 6 cents, to 73,23 of the ruble, according to data Libertex.
American indices closed the trades a significant decrease on the background of statements of the corporations. So, Twitter shares have fallen by 2.54% in the main trading session and fell another 0.29% additional due to the decrease in the second quarter the number of active users. Additionally, to reduce proposalsto tweet US President Donald trump on a possible “shadow ban” Twitter publications of prominent members of the Republican party.
Investors also remained dissatisfied with the reporting of Intel, ExxonMobil. In the end, the Dow Jones industrial average on Friday fell by 0.3% to 25451,06 points, the index of high-tech companies NASDAQ fell 1.46% to 7737,42 points, the index of wide market S&P 500 – also by 0.66%, to 2818,82 points, according Libertex.
In the morning, formed a moderately negative external background: futures for the American indexes decrease in the range of 0.16 to 0.46%, Asian markets mostly fall on 0,4-0,8%, however, oil is trying to gain a foothold in the area of 74,9 USD per barrel, which is positive for the ruble. Market participants will monitor the dynamics of oil prices. In our view, USD/RUB protorguetsya in between the range of 62.3-63.2 ruble. EUR/RUB is likely to potorgovat in the area of 72.6 73.9 per ruble.
Ivan Marchena,
GK Forex Club