The ruble: Offensive growth disrupted the failure of trump to talk with Putin

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The ruble, after the backlash over the incident in the Azov sea, in the middle of the week tried to gain a foothold on the background of the unexpected vulnerability of the dollar after dovish comments by the fed. However, the offensive outburst of the Russian currency broke the news of the failure of the American President Donald trump from dialogue with the leader of the Russian Federation Vladimir Putin on the sidelines of the G20.
However, even without these negotiations, the summit of “big twenty” will be rich in events. The focus of investor attention – the coming meeting of the heads of the US and China, the outcome of which will depend on the prospects of trade deals between Washington and Beijing and the demand for EM assets. No less important is the likely exchange of views between key players of the oil market ahead of OPEC meeting of the club+.
Meanwhile, the “black gold” can not be defined with dynamics, positive expectations of additional agreements between the participants of the global Pact OPEC+ is opposed to American statistics, which indicates the growth of stocks of raw materials in the country to 450,49 MB.
Expected trading range for the coming week is 65,35 – 67,35 RUB/USD.
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Vladimir Zotov
Operating officer of the Treasury,
UBRD