USD/RUB seen higher near term – Danske Bank

Senior Economist at Danske Bank Vladimir Miklashevsky noted RUB could lose some momentum in the near term.

Key Quotes

“Given increased geopolitical risks as the UK versus Russia diplomatic and economic standoff creates new uncertainty, we raise our short-term view on the USD/RUB to 57.60 from previous 56.50”.

“As we remain positive about the crude price and Russia’s macro fundamentals in the long term, we keep our mid- and long-term forecast unchanged”.