The RUB is being hit hard by the current global market developments and risks remain elevated, economists at Nordea apprise. USD/RUB is trading at 80.353. Key quotes “We expect downside risks to prevail for the RUB in the coming month with the trajectory of the number of new coronavirus cases being the key determinant of global risk sentiment and RUB dynamics.” “An unfavourable oil market environment limits the upside potential for the RUB in the coming months even if risk sentiment improves.” “We still believe the RUB can regain some ground in the second half of the year to levels around 66 against the USD.” 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 ECB: New determination – ABN Amro FX Street 2 years The RUB is being hit hard by the current global market developments and risks remain elevated, economists at Nordea apprise. USD/RUB is trading at 80.353. Key quotes “We expect downside risks to prevail for the RUB in the coming month with the trajectory of the number of new coronavirus cases being the key determinant of global risk sentiment and RUB dynamics.” “An unfavourable oil market environment limits the upside potential for the RUB in the coming months even if risk sentiment improves.” “We still believe the RUB can regain some ground in the second half of the year to levels… 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.