Analysts at Danske Bank they predict that the USD/RUB It will trade at 72.00 in one month, 72.00 in three months, 71.00 in six months and 70.00 in twelve months. They argue that the risks to the Russian ruble shifted from geopolitics to a strengthening of the US dollar. Featured statements “RUB has faced a […]
Tag: USDRUB
Central Bank raises monetary policy rate by 25 basis points to 6.75%
The Central Bank of Russia announced on Friday that it raised its monetary policy rate by 25 basis points to 6.75% from 6.5%. The market consensus was for a rise of 50 basis points. The ruble was not affected by the decision. USD / RUB was holding below 73.00. “Given the monetary policy stance, annual […]
Central Bank raises the official interest rate by 50 basis points to 5.5% in June
The central bank of Russia announced on Friday that it raised its monetary policy rate by 50 basis points to 5.5% after the June meeting. The ruble appreciated in the market after the decision, leading USD / RUB to prolong the current bearish run to 71.55, the lowest level since July last year. The Central […]
Russia: Central Bank Aims For Further Adjustment To Cope With Inflation
The Russian ruble is among the strongest currencies on Friday, boosted by the decision of the Central Bank of Russia (CBR) to raise the key rate by 50 bps, above expectations. Analysts at Capital Economics They think that another 50 bp of interest rate increases will be enough to reduce inflation, but the risks are […]
USD / RUB falls to 4-week lows near 74.80 after CBR
The USD / RUB loses more ground and breaks below 75.00. The Russian central bank (CBR) raised rates by 50 bp. The CBR said that inflationary pressures remain high. The Russian ruble extends the bullish momentum and drags the USD/RUB to fresh multi-week lows in the zone below 75.00 on Friday. USD / RUB weakened […]
Central Bank raises the official interest rate by 50 basis points to 5%
Central Bank of Russia raises rate more than expected, boosting RUB. USD / RUB at one-month lows, below 75.00. The Russia’s central bank announced on Friday that it had raised its monetary policy rate by 50 basis points to 5%. The ruble appreciated throughout the market after the decision, reaching a month high against the […]
US Issues Sanctions on Russia in Response to Election Interference
In a statement released Thursday, the White House announced that the United States issue a sanction to Russia in response to electoral interference from Moscow, activities targeting dissidents and malicious cyber activities, as reported Reuters. Featured statements “The United States will defend our national interests, it will impose costs on the actions of the Russian […]
The recent weakness of the ruble will end soon – Commerzbank
The rapid rise of the USD / RUB from its March low at 72.54 has propelled it to a five-month high at 78.04 below which it is currently consolidating, explains Axel Rudolph, technical analyst at Commerzbank. It indicates that the recent advance is likely to lose steam below the September and October highs of 79.99 […]
USD / RUB will turn bullish once above 77.00 high – Commerzbank
The rapid rise of the USD / RUB from the March low at 72.54 has propelled it to a four-month high at 77.00 below which it is currently consolidating, explains Axel Rudolph, senior technical analyst at Commerzbank. He estimates that a rally above the 77.00 high would strengthen the bullish bias and target 79.99 / […]
USD / RUB bounces away from daily lows near 73.70, watch CBR
USD / RUB falls and bounces from the 73.70 region. The CBR raised the key interest rate by 25 bps to 4.50%. The focus is now on Governor E. Nabiullina’s press conference. The Russian ruble regains some ground lost in past sessions and drags the USD/RUB to the region of 74.00 on Friday. USD / […]
