Free Trial

RUB Trading Lower

RUSSIA

The ruble has come under immediate pressure this morning in the wake of this weekend's news that Turkey's central bank governor has been replaced.

  • The news comes amid a broader reassessment of EM risk given rising G10 yields, and Russia-specific tensions in light of recent comments made about President Putin by Joe Biden, and the UK's decision to increase the number of Trident nuclear warheads to counter the perceived threat posed by Moscow.
  • USDRUB has traded up to 74.44 from Friday's 74.19 close.

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.