We’ve been trying to fathom the key reason for the rouble’s rapid rise today, quite apart from the CB intervention and probable interest rate hike at their meeting tomorrow, with also talk of the rouble being freely floated
Word on the street now is that Ukraine diplomat Yaramenko has been saying a deal on Crimea has been struck but no further detail at present
Add to that a potential conclusion to the gas talks and a generally softer USD tone this morning, and a market caught on the wrong side, and we have enough explanation methinks
Rouble basket heading down to 14-DMA at 46.52
Anyone found out anything else ?
