The ruble went through the corkscrew offsetting losses against dollar
Monday, April 1, the ruble rather abruptly came out of the corkscrew, where he last week sent the dollar and the Euro. By the close of trading Monday, the dollar calculations “tomorrow” fell by 46 kopecks (-0,7%), up to 65,18 rubles, and Euro decreased by 58 kopecks (-0,8%), to RUB 73,08
Rosstat published on Monday the second and final estimate of GDP growth of Russia in 2018. The previously published estimate of GDP growth at 2.3% in 2018 has been confirmed in current prices Russia’s GDP in 2018 103.6 trillion rubles., which is a historical record. Was also first published growth rates of Russian GDP for the fourth quarter of 2018, which amounted to 2.7% yoy. These data created a positive background of the Russian currency market.
Past safely and without unpleasant for Russia surprises the first round of elections of the President of Ukraine also had a positive impact on ruble pairs. Recall that in the second round of elections, scheduled for April 21, passed the comic actor Vladimir Zelensky (once played the role of the President of Ukraine in the television series) with more than 30% of the vote and incumbent President Petro Poroshenko received less than 16% of the vote.
On Monday on the London stock exchange ICE Brent crude oil has increased by 2.18% to $68,93 per barrel, which also had a positive impact on the ruble. Optimistic statements by the Minister of oil of Iran Bijan Zanganeh, that the deal “OPEC+” can be extended at any time, positively affected the growth of prices of oil. In the morning, a barrel of Brent is very slightly increasing in price, but still worth more than $68.
At the opening of trading expect to see the strengthening of the ruble. The actual range in the pair dollar/ruble is 65-65,8 RUB, EUR/RUB — 72,7-73,5 RUB.
Deputy Director of information-analytical center,