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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 +0.88% higher this morning in line with a firmer BBDXY and a bit of profit-taking and technical support around the 76.00 handle.
- The cross fell -1.03% yesterday, pulling back from the 76.50 handle on reports that the US was boosting its troop presence in Eastern Europe by 3,000 soldiers.
- Defence Minister Shoigu has arrived in Belarus for military drills that will extend until 20 Feb and be watched closely.
- Russia has promised to pull troops back once these exercises are completed – which could be an important olive branch from Russia.
- Nevertheless, markets await Russia’s response to the latest US report for next steps.
- Continued dialogue has supported the RUB in recent sessions, retracing 4.60% from the peak at 8.4115, but may need to see some more concrete signs of de-escalation to return to sub-75.00 levels.
- Brent dipped back below the $90/bbl mark, but remains well supported by tight market conditions.
- Intraday Sup1: 76.015, Sup2: 75,6804, Res1: 76.8878, Res2: 77.4994
Russia 5Y CDS
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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