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USD/RUB Slips, Approaches April Lows

RUSSIA

USD/RUB running lower in recent trade, hitting lowest levles since April 5th. Move seems to coincide with headlines that Biden has proposed a summit meeting with Putin in a third country for the coming months - could suggest a possibly more amicable outlook for relations relative to the firmer and more hostile headlines we saw earlier this morning.

  • USD/RUB support undercuts at 25.8894, the 76.4% retracement of the April rally
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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