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3 Mar 2015
USD/RUB testing 62.00
FXStreet (Edinburgh) - The Russian currency is appreciating against the greenback on Tuesday, sending USD/RUB to the area of 62.00 the figure.
USD/RUB softer on Ukraine deal, oil
The ruble is gaining further ground following the Russia-Ukraine deal, which ensures natural gas supply for Ukraine during March, and directly avoids at the same time potential disruption in the gas supply for the EU.
Collaborating with the upbeat tone in RUB, crude oil prices continue to recover and are extending the rebound from last week’s lows.
USD/RUB levels to consider
As of writing the pair is losing 1.17% at 61.99 with the next support at 61.13 (low Mar.2) followed by 60.80 (low Feb.27) and finally 59.76 (low Feb.26). On the upside, a breakout of 62.97 (high Mar.2) would expose 64.16 (high Feb.24) and then 64.59 (high Feb.23).
USD/RUB softer on Ukraine deal, oil
The ruble is gaining further ground following the Russia-Ukraine deal, which ensures natural gas supply for Ukraine during March, and directly avoids at the same time potential disruption in the gas supply for the EU.
Collaborating with the upbeat tone in RUB, crude oil prices continue to recover and are extending the rebound from last week’s lows.
USD/RUB levels to consider
As of writing the pair is losing 1.17% at 61.99 with the next support at 61.13 (low Mar.2) followed by 60.80 (low Feb.27) and finally 59.76 (low Feb.26). On the upside, a breakout of 62.97 (high Mar.2) would expose 64.16 (high Feb.24) and then 64.59 (high Feb.23).