Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
Reporting on key macro data at the time of release.
Real-time insight on key fixed income and fx markets.
- Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- MNI ResearchMNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
- About Us
Sign up now for free access to this content.
Please enter your details below and select your areas of interest.
- USD/RUB gaps higher at the open on the back of early buying pressure on the BBDXY and weakness in oil markets below the $70 handle in Brent.
- Oil continued to slide in the Asia session after a surprise API inventory build of +806k bbls vs -4.5m exp, snapping a series of inventory draws and adding demand-concerns to the near-term outlook as the spread of the delta variant continues to dent global risk sentiment.
- Oil Weakness has translated through into RUB this morning, offsetting positive comments from Ned Price overnight that the US has largely given up on sanctioning the NS2 pipeline and that an announcement from Germany is due today.
- Although this likely comes with the threat of sanctions, should Russia look to bypass Ukraine in its transit of gas, Putin has shown a willingness to maintain the status quo.
- General concern over the proliferation of hypersonic missiles is brewing between NATO members and Russia and will likely be addressed in US-Russia strategic stability talks (28 July).
- For today focus shifts to weekly CPI for signs of a tentative peak in inflation in July-September after two consecutively lower readings.
- Sellers seem to be defending the 74.80 level in USD/RUB into Friday's CBR. Intraday Sup1: 74.3985, Sup2: 74.2486, Res1: 74.6399, Res2: 74.8061