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AUDUSD consolidates


6/9-month bubills

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  • USD/RUB also unwinding a bit today with the cross up +1.16% this morning as energy markets sag and traders tentatively take profits on RUB longs
  • Natgas and crude under pressure: -2.14% & -1.44% respectively
  • USD/RUB has now moved back above the 70 handle, hovering around 70.50. Next levels to the topside at 70.8169 & 71.1098
  • However, with inflation still rampant and markets anticipating further tightening, markets will likely look to fad bouts of RUB weakness going into the next CBR meeting