EURRUB H1

27 May 2020

Europe began to rebuild its economy after quarantine. The business has begun to show its activity, and cash flow is beginning to increase in the interior of the country, which stimulates the euro to grow. Lately, Russia has artificially strengthened its ruble. EURRUB couple even closed the gap, which was unlikely, given the current situation in Russia. But Russia is still far from high indicators, because there are a number of problems and instability in the commodity market, which is the main one for the economy. Therefore, it is too early to speak about the stability of the ruble.