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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.
RUSSIA
- USD/RUB BGN trades +0.33% higher this morning, treading water above the 100 handle after trading mostly sideways yesterday in illiquid conditions.
- The cross has fallen -21.96% w/w, in line with improving Russia-Ukraine dialogue and traded in a wide 31.64% range from 91-133.
- Today’s CBR meeting is expected to see policy kept on hold at 20% as the bank awaits more data-driven visibility in the effects of sanctions, while Nabiullina’s presser will be closely monitored as speculation about her resignation swirls.
- Russia’s military progress remains stalled as ceasefire talks show scant progress in the last few days with negotiators tempering Wednesday’s surge in optimism over a near-term ceasefire deal.
- Nevertheless, the dialogue has improved and tensions moderated slightly vs a week ago, with Russia losing political and military momentum.
- The focus is still on ceasefire talks going into the weekend and establishment of grounds for a Zelensky-Putin meeting in coming weeks.
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
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.
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