Forex - Russia Flows: Ruble gains slightly on higher oil prices, tax payments


 09:13 (GMT) 16 Aug

  [Forex Flows]

Sample Premium Content
Russia Flows: Ruble gains slightly on higher oil prices, tax payments (0101-NMYG-C01)

The ruble gained slightly at the start of Friday's session, driven by higher oil prices as well as the ongoing tax payment period with the USD/RUB briefly falling to 65.8645. Despite worries about global growth, we think that the currency has limited scope for losses in the coming week because of tax payments, with the USD/RUB unlikely to surpass the key 67.15 resistance level.


CurrenciesCountriesMarket Bulletins

Latest Currency Analysis

Available to subscribers only
Order Now