The rouble’s woes continue and a generally positive session for the greenback has only added to the pressue as USDRUB trades above 60.00 for the first time posting 60.49 highs
The Russian central bank seems powerless to stop the rot and we can expect further interest rate hikes in addition the fx intervention that they’ve been carrying out
Talk of tech target now around 64.50-75 based on Fib projections
What are our rouble traders making of it all ? Do let us know
Update:
- Central Bank of Russia says it has ordered the Moscow exchange to halt trading in certain instruments to prevent possible manipulation of equity futures market
