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USD/RUB BGN Sees Narrowing Daily Ranges,  Larger Upcoming Debt Payments Loom


FX/FI MARKETS (FX, OFZs Open, Stocks Closed)

  • FX & OFZ markets remain open today, while stocks remain closed. Global risk sentiment remains on the front foot as equity gains in the US and APAC sessions provide support.
  • USD/RUB BGN trades mostly flat this morning, with oil markets mostly flat around $115/bbl. The cross closed yesterday’s session -1.86% lower and held a narrower 6.61% range between 103.53-109.81 – showing potential signs of improving liquidity on the margins.
  • Russia continues to make bond payments in USD, avoiding technical default, but a number of larger payments are due in the next two weeks and will be monitored closely.
MNI London Bureau | +44 020-3983-7894 |
MNI London Bureau | +44 020-3983-7894 |

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