Free Trial

BLOCK, 5Y Sale


Deutsche: Yield Up/Equities Down Episodes Boost USD

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 trades -0.08% lower this morning, tracking early selling pressure on the BBDXY and gains in oil markets.
  • Brent continues to rise towards the 90 handle, marking a new 7yr high as GS reiterates its call for $100/bbl oil.
  • The market remains tight as OPEC+ members struggle to boost production.
  • Headline risks remain high as we await written responses from the West with the situation requiring a tactical approach to RUB while markets err on the side of caution.
  • USD/RUB is pressuring the prior highs at 77.00-77.1812, opening up the possibility of a move towards 78-79.50 should the situation continue to deteriorate.
  • This unwinds a great deal of positive sentiment in RUB assets as spot diverges from solid underlying fundamentals (outside of geopolitical risks).
  • Market focus will be on the Lavrov-Blinken meeting for hopes of a move back to the negotiating table, but it seems hard to imagine a meaningful thawing in relations at this juncture.
  • Intraday Sup1: 76.5370, Sup2: 76.2144, Res1: 77.1812, Res2: 77.5032, Res3: 77.7370
MNI London Bureau | +44 020-3983-7894 |
MNI London Bureau | +44 020-3983-7894 |

To read the full story

Why Subscribe to

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.