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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.
RUSSIA
- USD/RUB BGN trades +3.33% higher this morning, trimming some yesterday’s notable move lower following tentative signs of de-escalation from Russia as negotiators made progress towards an agreement in Istanbul.
- The cross closed -7.62%, touching an intraday low of 83.5677 to close the Feb 28 breakout gap higher, before retracing back towards the 90 handle as markets became more sceptical of Russia’s true intentions.
- Stocks closed mixed with the MOEX ending -0.91% lower, while the RTS $ index rose +7.11%. Oil markets traded in a volatile 8.70% range to end -2.12% lower on the day with spot now holding around $111/bbl ahead of the OPEC+ meeting tomorrow.
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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