22 Jul 2019 11:59

VIEWPOINT: Ruble should be at 62.50-64/$1 this week - Promsvyazbank

MOSCOW. July 22 (Interfax) - "Trading in the Russian ruble has been weak in the past few days; the dollar/ruble pair is holding at around 63. We consider the ruble's potential to strengthen further in the medium term to be limited; nonetheless, in the short term, the ruble's movement will largely be determined by general market tendencies after the meetings of leading central banks. In the coming week, we're expecting a dollar/ruble range of 62.50-64." - Mikhail Poddubsky, chief analyst at Promsvyazbank.

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