Forecast of changes in Russian and Ukrainian currency markets

摘要

Oil prices have begun rebounding in several countries upon the entry of the OPEC+ deal into force and a gradual easing of the quarantine measures, which lends support to the rouble rate. Besides, the Central Bank of Russia continues selling foreign currency. Thanks to actions of the central banks, which are issuers of the reserve currency, investors are again showing interest in the Russian bonds. Meanwhile, currency demand from importers will increase as economic activity recovers in Russia.