The ruble on Tuesday strengthened, in response to rising in price oil
The ruble on Tuesday strengthened, in response to rising in price oil and the support of the tax period. And the foreign policy confrontation between Moscow and London, as well as the possibility of imminent fed rate hikes put pressure on the Russian currency.
Quotations of “black gold” is growing steadily in the conditions of aggravation of the conflict between Saudi Arabia and Iran, Riyadh has said it is ready to start a nuclear program if Tehran will acquire an atomic bomb.
To enlist the support of the United States, Saudi Prince Mohammad bin Salman flew to Washington to meet with President Donald trump; investors expect statements on the outcomes of negotiations. In addition, players will pay attention to the industry statistics from the American petroleum Institute (API) and energy information Administration (EIA).
The dollar is currently inactive ahead of the fed meeting. It is likely that the regulator not only raising rates, but will also give signals about the rate of change until the end of the year.
Expected trading range for today is 57,25 – 58,25 RUB/USD.
Head of Directorate of financial markets
The Ural Bank for reconstruction and development