The dynamics of oil prices will continue to exert pressure on the Russian economy - Bank of Rusia’s Nabiullina

Market news

2 December 2016

The dynamics of oil prices will continue to exert pressure on the Russian economy - Bank of Rusia’s Nabiullina

"The dynamics of oil prices will continue to be a major risk for the Russian economy that still low due to the diversification", - she said.

Since the beginning of this week, Brent crude oil has risen in price already 11%, and the day before rose above $ 54 a barrel for the first time since October 2015. The sharp rise in oil prices this week against the background of the OPEC deal to limit production.

Barclays see asymmetric risks to the USD before NFP

Euro fell significantly against the US dollar, under pressure from declining German bonds yields as well as increased demand for the dollar in anticipation of US labor market data. Currently EUR / USD traded at $ 1.0638, down 0.17%

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