Free Trial

RUB Strengthening on Back of Putin Positivity

RUSSIA

USD/RUB slips to new session lows, hitting 71.6860 as Putin's post-Biden meeting press conference gets underway. The Russian President is going through the progress made in the meeting, including:

  • US and Russia are to return ambassadors to their respective capitals
  • To start consultations on cybersecurity cooperation
  • Both sides showed a desire to seek understanding
USD/RUB now eyes first support at the 71.5542 mid-June low, a break through which would mark the lowest rate since July last year.

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.