Free Trial

USD/RUB Continues to Oscillate Either Side of 80.00 Handle

RUSSIA
  • USDRUB continues to oscillate either side of the 80 handle, with the pair shrugging off rising default risk, softer oil/gas markets, as well as increased Western sanctions and hawkish Fed risks.
  • The pair touched the lowest levels since late February last week, hitting 76.1853 before stabilising.
  • Focus remains on any potential oil/gas sanctions against Russia, which would be the most damaging economically, but also face a number of obstacles with EU members still notably reliant on Russian exports.

To read the full story

Close

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.