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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 -0.08% lower this morning, hovering around the 76.00 mark as markets digest the weekend’s geopolitical developments.
- Bilateral talks dissolved on Friday with Russia threatening military deployment to ward off Western expansion following a broadly unsuccessful week of talks.
- Any continuity in negotiations depends on written responses from the US & NATO to Russia’s security proposals this week with talks at risk of collapsing entirely should the West give Russia no concessions.
- Tensions are extremely high, and uncertainty is also elevated around the cyberattack that hit Ukraine on Friday. Headline risks will be plentiful this week, likely keeping USD/RUB volatile in the near-term.
- Meanwhile, RUB continues to diverge the trend of higher energy prices with Brent finding new highs above $86/bbl.
- Intraday Sup1: 75.7631, Sup2: 75.2853, Res1: 76.537, Res2: 76.8878, Res3: 77.1812
3x6 FRA-Mosprime Spread
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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