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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.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessUSD/RUB Holds Up Against a Surging Greenback as EM FX Slides
- USD/RUB BGN trades -0.22% lower this morning, brushing off USD strength keeping other EM currencies on the backfoot.
- The cross took a leg lower following US CPI and has managed to hold onto most of the move to hover just above the 66.00 handle after marking an intraday low at 64.01.
- The decline in Brent (-1.62% this morning at $105/bbl) has also had little effect on the cross.
- Today, Putin will meet with various officials on the economy and march trade balance date is due at 1400BST – likely reflecting a major decline due to the Ukraine conflict.
- Following yesterday’s hot US CPI print, PPI data will also be watched closely for USD-side drivers as risk aversion remains the dominant theme.
- A consolidated break through 64.9287.00 opens up the 05 May low at 62.3062
To read the full story
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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.