Free Trial

RUB Set for +1% Weekly Gain Vs the USD as Ukraine Risks Simmer

RUSSIA
  • USD/RUB trades -0.15% lower this morning, mostly in line with slightly firmer global risk sentiment ahead of the Christmas holidays.
  • Oil markets have slipped -0.55% into the red after breaking through the $75 handle in Brent - tempering gains in RUB.
  • The cross fell -0.62% yesterday on the back of firmer risk conditions and signs of a ceasefire in the Donbass, although proxy tensions with the US and NATO remain high over Russia’s security proposals.
  • Price action took a leg below the 200dma and may drift towards the 100dma at 72.88 in the coming sessions if risk conditions remain accommodative in the near-term.
  • Intraday Sup1: 73.1560, Sup2: 72.88, Res1: 73.3616, Res2: 73.5033
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

To read the full story

Close

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.