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USDRUB at best levels since April

RUSSIA
USDRUB fades off the highs, as fighting between Armenia and Azerbaijan could run the risk of a conflict between Russia and Turkey, which has heavily weighted on both RUB and particularly the TRY today..
  • USDRUB is up 0.61%, after printing a high at 78.9857 (prices are BGN), and best level seen since 2nd April.
  • Next upside target area is seen further out towards 79.3452 (retracement) and 01/04 high at 79.3795

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