USD/RUB bounces despite 6.50 % CBR rate hike: by Milan Cutkovic

  • The Central Bank of Russia (CBR) hiked rates overnight by 650bps to 17.00 %
  • USD/RUB opened sharply lower and hit a low of 57.50
  • The Ruble strength didn’t persist for too long though as Oil continues to decline
  • USD/RUB back above 64.00 and approaching the all-time high of 66.33 that was reached yesterday

RUB

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