Author Topic: USD/RUB retreats from tops more than the 67.00 handle  (Read 232 times)

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USD/RUB retreats from tops more than the 67.00 handle
« on: December 06, 2018, 03:52:55 PM »
Forex News - USD/RUB retreats from tops more than the 67. 00 handle

The Russian currency keeps the sideline theme gone mention to 67. 00.
All eyes re the OPEC+ meeting starting today.
Russian CPI came in at 0. 5% MoM and 3. 8% YoY.

The Russian Ruble is trading virtually the defensive approximately Thursday, prompting USD/RUB to revert yesterdays pullback and briefly concern above the key barrier at 67. 00 the figure.

USD/RUB bid upon CPI, Brent

After a brief test of multi-hours of hours of day tops close 67. 20, the pair met some sellers and has now receded to the 66. 90 region, all amidst the consolidative theme prevailing by now late November.

RUB is deriving sickness from the sell off in the barrel of Brent slapdash, which is retreating regarding 3% to levels below the vital $60. 00 mark ahead of the decision by the OPEC to curb the oil production.

In put in, inflation figures in the Russian economy rose at a monthly 0. 5% during last month and 3. 8% from a year earlier, yet below the CBRs 4% aspire.  in this regard, the central bank said earlier that the economy should clinch the inflation slant forward year-grow less, even if it revised lower the 2018 GDP p. s.  predict to 1. 6%/1. 7%.

USD/RUB levels to watch

At the moment the pair is going on 0. 55% at 66. 93 and a fracture above 67. 19 (high Dec. 6) would dealings the waylay to 67. 51 (high Nov. 28) and moreover 68. 27 (high Nov. 14).  On the new hand, the adjacent child support aligns at 66. 67 (21-hours of daylight SMA) seconded by 65. 97 (low Nov. 29) and finally 65. 43 (low Nov. 22).

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USD/RUB retreats from tops more than the 67.00 handle
« on: December 06, 2018, 03:52:55 PM »

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