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" ... Nomura strategist Tatiana Orlovo says the rouble will likely remain at its current level versus the basket of the world's three major currencies -- the US dollar, Euro and Japanese Yen -- or strengthen to around 33 by the end of the second quarter. It's in the high 20s as of April 5 when compared to the US dollar only. Russia's currency could weaken with the end of QE2 in the third quarter to a range of 35 to 36 roubles to the dollar, but that won't last long. The trend is for the rouble to muscle up again in the fourth. Tatiana says year-end average of Russia's currency to be 33.5 compared to the basket. ... "