Select your city:

VTB Bank call center

+7 (800) 200-77-99
+7 (495) 739-77-99
For general information and enquiries

RUB: crude's slippage spurs correction

Yesterday, RUB weakened 1.6% against USD to close at 50.84. Meanwhile, Brent declined 4.0% to USD 62.5/bbl. However, we highlight that RUB opened lower in the morning amid declined volumes of export selling, when the crude market was relatively stable. In addition, the EM FX index lost 0.6-0.8% vs. USD. As we argued yesterday, export-related selling flow was the main supportive factor for the FX market. Hence, the fact that it is weakening encourages USDRUB bids, especially given that positioning is rather balanced right now.
Maxim Korovin, Tatiana Zueva
VTB Capital analyst

ruble, FX market

Back to the list

VTB group news subscribe
  • E-mail subscribe
  • RSS lent
Download the list of cities.....