Free Trial
US EURODLR OPTIONS

US Tsy Option Roundup, Mixed Trade

US 10YR FUTURE TECHS

‌‌(U2)‌‌ Extends Bounce From Tuesday’s Low

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

USD/RUB Marks New Low at 71.552 Ahead of Expected CBR Rate Cut

RUSSIA
  • USD/RUB trades +0.20% this morning, despite an and easing in the relentless USD bid and notably firmer global risk sentiment coming from APAC.
  • The cross continued to push lower yesterday, marking an intraday low at 71.352 ahead of and expected 200bp rate cut from the CBR today.
  • Nabullina is expected to resume her post-meeting pressers, which will be monitored for discussion of the medium-term forecasts – although these may still be marred by uncertainty.
  • With the balance of risks shifting from inflation to growth, the CBR has room to scale back its emergency measures in the near-term – but is likely to retain some optionality with the conflict still ongoing and not pre-emptively over loosen policy.
  • RUB payments for gas remains a point of interest in markets, alongside rumours of a merger for state owned banks VTB, Oktrite & RNKB.
139 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • USD/RUB trades +0.20% this morning, despite an and easing in the relentless USD bid and notably firmer global risk sentiment coming from APAC.
  • The cross continued to push lower yesterday, marking an intraday low at 71.352 ahead of and expected 200bp rate cut from the CBR today.
  • Nabullina is expected to resume her post-meeting pressers, which will be monitored for discussion of the medium-term forecasts – although these may still be marred by uncertainty.
  • With the balance of risks shifting from inflation to growth, the CBR has room to scale back its emergency measures in the near-term – but is likely to retain some optionality with the conflict still ongoing and not pre-emptively over loosen policy.
  • RUB payments for gas remains a point of interest in markets, alongside rumours of a merger for state owned banks VTB, Oktrite & RNKB.