RUB expected to appreciate further – Danske Bank

Vladimir Miklashevsky, Economist at Danske Bank, sees the Russian currency gathering traction in the longer run.

Key Quotes

“We continue to be bullish on the RUB in the long run as the free float is protecting Russia’s current account surplus and economy despite probably another year of a slump”.

“The rising oil price prospects given an upward oil futures curve and marginal FX redemptions by the corporate sector combined with low FX demand by individuals should also be RUB supportive”.