Ruble likely to strengthen to 52 RUB/$1 on Thursday – Sber CIB

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

Dollar / ruble exchange    rate  on Forex at intervals of 4 hours

The exchange rate of the ruble against the dollar in trading on Thursday is likely to approach the level of 52 rubles/$1, and by the end of June it may reach 50 rubles/$1, analysts at Sber CIB repeated their forecast again.

Yields on fixed-coupon government bonds are likely to fall by 10 bp on Thursday. or more against the backdrop of continued deflation in Russia, the investment bank notes.

Also, Sber CIB experts believe that on Thursday, Brent oil quotes can again test the strength of support at $107 per barrel.

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