Since the recovery in April, the RUB has been trading in a narrow range of 73.5-74 versus the USD and slightly below 80 vs. the EUR. Analysts at Nordea see the USD/RUB below 70 if oil prices increase. Credit Suisse is also pointing to strength in the pair with higher oil prices. Key quotes “Should external risks not materialise, we believe the RUB could reach levels of 72 against the USD and 80 against the EUR by the end of June.” “A more pronounced recovery to levels below 70 against the USD may be possible in H2 2020 if we see a strong rebound in global economic activity boosting risk sentiment and oil prices.” 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 EU’s Dombrovskis: Must focus on health, jobs, worry about fiscal sustainability later FX Street 2 years Since the recovery in April, the RUB has been trading in a narrow range of 73.5-74 versus the USD and slightly below 80 vs. the EUR. Analysts at Nordea see the USD/RUB below 70 if oil prices increase. Credit Suisse is also pointing to strength in the pair with higher oil prices. Key quotes “Should external risks not materialise, we believe the RUB could reach levels of 72 against the USD and 80 against the EUR by the end of June.” “A more pronounced recovery to levels below 70 against the USD may be possible in H2 2020 if we… Top 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.
