OREANDA-NEWS. On Friday, the Russian FX market was rather volatile amid increased trading activity – MICEX turnover amounted to USD 4.7bn. RUB opened a bit stronger, supported by the recovery on the oil market in the morning. However, in the afternoon oil dipped below the waterline, moving steadily deeper into the red over the rest of the session. Hence, by noon USDRUB hit 64.50 and rolled back to 64.10-64.20 as investors had been waiting for the release of the US jobs report.

Maxim Korovin, Tatiana Zueva
VTB Capital analysts