EURRUB 1 HOUR

Apr 16, 2020

The Russian ruble strengthened amid a fall in the dollar and the euro, which was caused by rising oil correction. But this is not for long. The Russian economy is not in an easy position. Its revenues depend on the energy sector, which is now at the bottom. The country's budget is not replenished, but rather provides support to companies involved in oil and gas. China, which is the main trading partner of Russia, has closed its borders and the raw materials of the Russian Federation do not go to heaven. The country is under a large package of features. The quarantine period in Russia will last until April 30, but it may be extended. At this time, economic activity will be minimized. In Europe at the moment, too, not everything is good, because it is also in a regime of self-isolation and business activity is also minimized. But the euro against the ruble is almost the same as the dollar, and the dollar is now playing a long batch for strengthening. Therefore, the euro expects further growth.