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FX.co ★ Coronavirus eases a little in Russia. Outlook for ruble 24.04.2020

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Forex Analysis:::2020-04-24T08:05:23

Coronavirus eases a little in Russia. Outlook for ruble 24.04.2020

 Coronavirus eases a little in Russia. Outlook for ruble 24.04.2020

The ruble remains steady amid the recovery in the oil market and the Central bank's interventions. However, the situation may change soon. Currently, rubles can be exchanged for dollars and euros at current prices.

Meanwhile, the coronavirus spread in Russia has slowed down a little bit.

There was an increase in the number of infected people but the figure was below + 6000 per day, the highest level recorded on April 19.

Overall, in Russia three were 63,000 cases + 5849, or + 9.3%

In Moscow, 34,000 +2957, or + 8.7%

In Saint Petersburg, 2458 + 253, or +10.3%

Now it is too soon to talk about an improvement in the fight against the spread of the virus.

If in the next few days there is no growth in the number of infected people higher than + 6000, it can be said that the spread of the virus has been eased.

In order to reduce the number of patients in hospitals, it is necessary to stop the increase of the epidemic below +7% per day. Now, however, this figure is slightly higher.

Take care

Analyst InstaForex
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