Commodity currencies have experienced a recovery in the last day, with the Russian ruble (RUB) as the best example. Danske Bank is expecting Central and Eastern Europe (CEE) currencies to advance. Key quotes “The recent sell-off of the RUB stands out as having been the last currency to be negatively affected and one of the first to rally strongly. In our view, this is a testament to the fundamental strength of the Russian economy, prospects of fiscal expansion and carry attractiveness, which is also likely to continue in the months ahead.” “Some short-term relief is probably CNH/JPY friendly if signals of policy easing make markets expect the Chinese economy to recover faster than they are currently projecting and commodities to bounce back slightly.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/DKK: Move expected when Denmark hikes rates – Danske Bank FX Street 2 years Commodity currencies have experienced a recovery in the last day, with the Russian ruble (RUB) as the best example. Danske Bank is expecting Central and Eastern Europe (CEE) currencies to advance. Key quotes “The recent sell-off of the RUB stands out as having been the last currency to be negatively affected and one of the first to rally strongly. In our view, this is a testament to the fundamental strength of the Russian economy, prospects of fiscal expansion and carry attractiveness, which is also likely to continue in the months ahead.” “Some short-term relief is probably CNH/JPY friendly if signals… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
