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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 trades -0.20% lower this morning, hovering around the open as bullish momentum in brent eases slightly.
- Geopolitical tensions remain high with major military drills in Belarus from 10-20 Feb, while the US warns an attack on Ukraine could come at any moment.
- Meanwhile, Ukraine’s Zelensky continues to try to soften global panic, saying a diplomatic solution is more likely. Markets are still waiting for Russia’s response to US/NATO counter proposals, which will determine the trajectory of the next phase of the crisis.
- Beyond that, we will look to see if Russia honours its pledge to remove troops from Belarus after the drills – which could mark an important pivot point for de-escalation or a notable pick-up in military tensions.
- CPI data is set to rise to 8.83% y/y in Jan, reinforcing the need for more CBR tightening as proinflationary drivers remain dominant, although expectations have moderated slightly to 13.7% vs 14.8% in Dec.
- On the international front, US CPI will be the big-ticket item for global markets this week.
- Intraday Sup1: 75.5827, Sup2: 75.148, Res1: 76.2144, Res2: 76.537
3x6 FRA-Mosprime Spread
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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