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Crude Resumes Weekly Fall

COPPER TECHS

(U2) Eyeing Key Support

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Rouble Resumes Gains After 3-Day Consolidation

RUSSIA
  • USD/RUB trades -3.04% lower this morning at 68.68 after bouncing off 65.00 support last week
  • Promsvyazbank analyst Egor Zhilnikov says in a note that “The target range of the USD exchange rate is in the range of 70-75 rubles, which, in general, is comfortable for the budget,”
  • Also notes that the central bank may decrease the norms of foreign currency earnings sales within a week if the exchange rate continues to fall - bbg
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  • USD/RUB trades -3.04% lower this morning at 68.68 after bouncing off 65.00 support last week
  • Promsvyazbank analyst Egor Zhilnikov says in a note that “The target range of the USD exchange rate is in the range of 70-75 rubles, which, in general, is comfortable for the budget,”
  • Also notes that the central bank may decrease the norms of foreign currency earnings sales within a week if the exchange rate continues to fall - bbg