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RUB Volumes Spike on Signs of De-Escalation

FOREX
  • With continued focus on Russia-Ukraine tensions, no surprise to a surge in activity across RUB futures markets, with activity so far well ahead of recent daily averages.
  • Other currencies seeing solid volumes include AUD and NOK (the former stronger on more solid risk appetite, the latter weaker on the reversal in crude).
  • CNY trade also stands out, with notable strength in CNH helping pressure USD/CNH toward the YTD (and multi-year lows) of 6.3238. CNY futures have already seen near 80% of the daily average activity on a 30-day rolling basis.
  • Full volume snapshot here:

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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