8 Jun 2015
USD/RUB off highs, back around 56.00
FXStreet (Edinburgh) - The Russian ruble is now appreciating against the greenback, dragging USD/RUB to the area just above the 56.00 mark.
USD/RUB corrects higher, eyes on G7, Ukraine
Despite today’s knee-jerk, the pair remains in the area of multi-week peaks posted last week above 57.00 in response to the likeliness that the G7 meeting increases its sanctions on the Russian Federation.
Adding to the fragile environment around the RUB, increasing geopolitical jitters seem to have re-emerged around the Ukraine, collaborating with the generalized downbeat sentiment around the Russian currency.
USD/RUB key levels
As of writing the pair is losing 0.31% at 56.10 with the next support at 54.07 (low Jun.4) followed by 52.46 (low Jun.3) and finally 52.04 (low Jun.1). On the other hand, a breakout of 57.20 (high Jun.5) would target 58.65 (high Mar.30) and then 60.82 (high Mar.20).
USD/RUB corrects higher, eyes on G7, Ukraine
Despite today’s knee-jerk, the pair remains in the area of multi-week peaks posted last week above 57.00 in response to the likeliness that the G7 meeting increases its sanctions on the Russian Federation.
Adding to the fragile environment around the RUB, increasing geopolitical jitters seem to have re-emerged around the Ukraine, collaborating with the generalized downbeat sentiment around the Russian currency.
USD/RUB key levels
As of writing the pair is losing 0.31% at 56.10 with the next support at 54.07 (low Jun.4) followed by 52.46 (low Jun.3) and finally 52.04 (low Jun.1). On the other hand, a breakout of 57.20 (high Jun.5) would target 58.65 (high Mar.30) and then 60.82 (high Mar.20).