12 Feb 2015
Ruble recovers after Minsk agreement
FXStreet (Mumbai) - The Russian ruble recovered previous losses and traded flat, having risen above its weekly highs after the conclusion of Minsk meeting resulted in a ceasefire to war-torn Ukraine.
Currently, USD/RUB trades slightly higher by 0.32% at 65.35 levels, retracing from fresh daily lows at 64.51 levels recorded after the deal was struck. The ruble is likely to remain supported versus the greenback after leaders of Russia, Ukraine, Germany and France managed to strike a deal ending fighting in eastern Ukraine at the Minsk meeting.
President Vladimir Putin announced a ceasefire in eastern Ukraine beginning midnight, February 15. "We have agreed on a ceasefire...we have agreed upon the basic points," Putin told reporters after several exhausting rounds of talks.
Leaders have reached an agreement on a division line for withdrawing heavy artillery from eastern Ukraine, Putin added.
USD/RUB Technical Levels
To the upside, the next resistance is located at 67.61 and above which it could extend gains to 68.42 levels. To the downside, immediate support might be located at 63 and below that at 61 levels.
Currently, USD/RUB trades slightly higher by 0.32% at 65.35 levels, retracing from fresh daily lows at 64.51 levels recorded after the deal was struck. The ruble is likely to remain supported versus the greenback after leaders of Russia, Ukraine, Germany and France managed to strike a deal ending fighting in eastern Ukraine at the Minsk meeting.
President Vladimir Putin announced a ceasefire in eastern Ukraine beginning midnight, February 15. "We have agreed on a ceasefire...we have agreed upon the basic points," Putin told reporters after several exhausting rounds of talks.
Leaders have reached an agreement on a division line for withdrawing heavy artillery from eastern Ukraine, Putin added.
USD/RUB Technical Levels
To the upside, the next resistance is located at 67.61 and above which it could extend gains to 68.42 levels. To the downside, immediate support might be located at 63 and below that at 61 levels.