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RUB: on the wheels of oil

 
06.05.2015

Yesterday, Brent gained 2.3% (from last Thursday) to close at USD 66.4/bbl. Subsequently, RUB firmed 2.1% (also vs. Thursday) against USD and ended at 50.51. Meanwhile, the EM FX index declined 0.7% for the same period, with TRY being 1.2% in the red, whilst NOK was down 0.6%.

Maxim Korovin, Tatiana Zueva
VTB Capital analysts

Tags:
ruble, oil

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