USD/RUB bullish near term – Danske Bank

Vladimir Miklashevsky, Strategist at Danske Bank, keeps the bullish view on the pair in the near term.

Key Quotes

“Given arising external risks for the RUB and possible downside risks from the oil price, we update the current RUB levels, seeing higher than previously levels in USD/RUB”.

“Yet, we expect RUB and oil price divergence to stay on high real rates. Given our bullish short-term outlook for the USD against the EUR, we see less upside pressure in EUR/RUB”.