Tag Archives: RUB
Brave New World
Tighter liquidity, shifting portfolio allocations and falling commodity prices meanperformance in manufacturing exports will be key for EMFX. Insofar as exportsfollow the law of one price,
FX G10 and EM Morning Trader Views
G10 EUR – So now the decks fully cleared – US holiday tomorrow so expect a holding pattern into the ECB on Thursday – 1.2550 held on the dip yest , 1.2610/15 was the pivot yesterday so expect some weak stops 1.2620/40 topside – ultimately 1.2550/1.2670 for now.
Russia flows and eod
If yesterday move looked like a correction then today’s one is a proper classic sell-off. RUB lost 25kop ag the basket straight from the open to get to 35.80, and then gave up 25kop more to reach 36.05 highs when world was going under after Greek referendum news.
Russia flows and eod
Correction day, which Basket closing 35.55/60 notch higher from the general level 54/57 it was trading whole day long after the morning RUB sell-off. Curve trades somewhat steeper as international seen on the bid for DV, while locals offer front dates placing RUB at 6%+ handle.
Russia: RUB Set to Rebound
RUB has sold off strongly recently, for a total decline of 15% against the basket and 17% against the dollar since the end of July, breaking through the psychological barriers of 32 to the dollar and 37 to the basket and pushing against the upward edge of the corridor.
RUB WATCHERS
Summary Vladimir Putin will run for the presidency in 2012, Unified Russia to win parliamentary elections and Dmitry Medvedev to become a prime-minister – these are the key results of the ruling Unified Russia party Congress on Saturday.