Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

USD/RUB spikes after CBR lifts FX repo rates

Source: Thomson Reuters


  • USD/RUB rebounds off lows as CBR lifts FX repo rates for 2nd time in 2 weeks

  • Move to take edge off domestic-funded carry trades into RUB 

  • 7-day repos now LIBOR+150 bps from Mon, had been LIBOR+50 bps in late March

  • Pre-weekend squaring up from oversold conditions also kicks in, volumes heavy

  • 50.27/50.228 set to be solid support

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.