Yesterday’s session on the Russian exchange market was quite active, with a total USDRUB turnover in MICEX of USD 4.6bn. RUB kicked off on a stronger footing and around noon USDRUB broke the 60.0 level, where a decent bid emerged. From that point until the end of the day, USDRUB climbed higher and higher. In the end, USDRUB closed at 61.18, so RUB firmed 0.4% against USD. Meanwhile, the EM FX index ended 0.4-0.5% in the red, with ZAR and TRY down 0.6-0.7%. Brent crude oil closed 2.6% down at USD 59.7/bbl, which pushed NOK and NGN 1.5% and 0.4% lower against USD.