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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
RUSSIA
USD/RUB
- USD/RUB opens lower after rejecting the 74.9224-75.0980 resistance band highlighted yesterday.
- Focus today on CPI (1600GMT) where an upside print in headline at 4.9% YoY & core at 4.3% YoY is expected to reinforce CBR concerns about a spike in price pressures.
- Most projections expecting CPI to peak around 5.3% in Feb, before easing into 2H22 - opening up scope for a final 25bp rate cut.
- USD factors remain key price action driver for brent & RUB, with risks of a firmer USD over the coming weeks likely to keep EM FX choppy.
- Sup1:74.1755, Sup2: 73.9016, Res1: 74.5208, Res2: 74.9224-75.098 resistance band
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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