The ruble is trying to grow on a tax payments and export
The ruble on Thursday trying to grow using the growth of sales of export proceeds under the payment of taxes and high interest in Russian securities. Positive factors offset the impact of a busy foreign policy background.
Oil prices stabilized after the publication of the forecast OPEC, according to which the increase in global demand this year will amount to 1.62 million barrels per day. Data from the energy information Administration (EIA) showed a significant increase in stocks of raw materials in the USA (5,022 million barrels in the week), but the reserves of petroleum products has significantly decreased, so the stats have not had a significant negative impact on the stock.
The dollar continues to weaken under conditions of uncertainty of prospects of global trade. Customs policy of the American President Donald trump is bothering the market participants, as it can create serious barriers to the free movement of goods.
Expected trading range for today is of 56.45 – 57,45 RUB/USD.
Head of Directorate of financial markets
The Ural Bank for reconstruction and development