The ruble strengthened slightly but it is temporary
Russian ruble a bit more expensive in the afternoon on Friday. The U.S. dollar is trading at 65,26 RUB and decreases by 0.3%. The Euro is retreating by 0.2% and is 73,31 RUB Courses of the Bank of Russia on the coming weekend and Monday, April 8, are 65,40 RUB/73,43 USD and RUB/EUR. Both scores increased by 8 and 1 cent respectively.
The commodity market continues to seek a point of equilibrium. A barrel of North sea Brent crude oil is reduced to date of 0.3% and costs $69,19. Tonight Baker Hughes will present weekly data on the number of drilling rigs in the United States. Usually bored investors derive maximum drivers of such a report. Therefore, we can assume that the current fluctuations is not yet finished.
Very interesting is the fact that neither the world nor Russian investors have not reacted to the news of the postponement of the signing of the agreement on trade conditions between the US and China. In General, today, on the grounds pretty boring trading day. Investors clearly playing for time until the weekend to later return to trading.
The U.S. dollar closed the session on Friday in the range 65,10-65,50, the Euro and within 73,10-73,65 RUB.
_______________ Anna Bodrova,
Senior analyst at information-analytical center,