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Sell-Side Cites Extended Holiday as Cause for USD/RUB upside

RUSSIA
  • USD/RUB: Sell-Side note RUB divergence from general EM strengthening trend after a technical break through 74.20 is relatively common for year-end
  • with Russia out on holiday from Friday until 11 Jan and today being the last trading day
  • MOEX is closed tomorrow and corporates looking to buy USD before the extended break
  • USD/RUB approaching short term RES at 74.6223, next RES 75.00
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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