10 Jun 2015
Outlook for RUB remains negative – Danske Bank
FXStreet (Edinburgh) - According to Vladimir Miklashevsky, Economist at Danske Bank, the perspective for the Russian currency remains negative.
Key Quotes
“The overall recovery in the rouble since the start of the year is mostly a result of a stabilisation in global oil prices and improved sentiment. However, in our view, the geopolitical situation around Ukraine remains fragile, making escalation very possible”.
“Looking ahead, we expect rouble weakness to resume, driven by significantly higher Russian inflation than in the outside world and a weak macro situation”.
Key Quotes
“The overall recovery in the rouble since the start of the year is mostly a result of a stabilisation in global oil prices and improved sentiment. However, in our view, the geopolitical situation around Ukraine remains fragile, making escalation very possible”.
“Looking ahead, we expect rouble weakness to resume, driven by significantly higher Russian inflation than in the outside world and a weak macro situation”.