Ruble likely to strengthen on Friday – Sber CIB

Dollar / ruble exchange    rate on the Moscow Exchange at intervals of 1 minute

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It is likely that the ruble will strengthen against the US dollar and the euro in Friday trading, Sber CIB analysts say.

The shortage of supply in the physical oil market remains. According to investment bank experts, if there is no news indicating a slowdown in global economic growth, the price of futures for Brent crude oil by the end of the week may rise in price to about $112 per barrel.

Yields on Russian government bonds fell 7-16 bp on Thursday. with a trading turnover above average. On Friday, there will be data on inflation expectations of the population. If it turns out that they have become weaker amid the strengthening of the ruble, OFZ yields will fall even more, Sber CIB points out.