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RUB continues to spiral lower, with..........>

RUSSIA
RUSSIA: RUB continues to spiral lower, with USD/RUB re-approaching the YTD highs
at Rub 68.5840 despite the modest climb in global energy prices so far today.
Move follows concerns that US-Russia relations are ebbing lower. The Kremlin
just this morning stated that Russia-US relations are "continuing to degrade".
Any break above the YTD highs in USD/RUB will open up a move toward 70.7570, the
50% retracement of the 2016-2018 move: Rub 85.9563-55.5577. 
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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