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17 Apr 2015
USD/RUB in highs near 52.00
FXStreet (Edinburgh) - The Russian ruble is now rapidly depreciating vs. the US dollar, lifting USD/RUB to session highs in the 52.00 area.
USD/RUB in 3-day tops
The pair is extending yesterday’s bounce off the key support at 49.00 after US inflation figures surpassed estimates in their Core reading, advancing 1.8% on a yearly basis.
In the Russian economy, the unemployment rate ticked higher to 5.9% during March and Retail sales contracted further 8.7% YoY, from the previous 7.7% drop. On the bright side, March Producer Prices rose above estimates 5.5% and 13.0% YoY vs. 2.3% and 8.5% forecasted, respectively.
USD/RUB key levels
As of writing the pair is up 3.57% at 51.60 with the next resistance at 52.50 (high Apr.14) followed by 53.77 (high Apr.13) and then 55.03 (high Apr.8). On the flip side, a breakdown of 49.09 (low Apr.16) would aim for 48.63 (low Nov.28) and finally 46.69 (low Nov.27).
USD/RUB in 3-day tops
The pair is extending yesterday’s bounce off the key support at 49.00 after US inflation figures surpassed estimates in their Core reading, advancing 1.8% on a yearly basis.
In the Russian economy, the unemployment rate ticked higher to 5.9% during March and Retail sales contracted further 8.7% YoY, from the previous 7.7% drop. On the bright side, March Producer Prices rose above estimates 5.5% and 13.0% YoY vs. 2.3% and 8.5% forecasted, respectively.
USD/RUB key levels
As of writing the pair is up 3.57% at 51.60 with the next resistance at 52.50 (high Apr.14) followed by 53.77 (high Apr.13) and then 55.03 (high Apr.8). On the flip side, a breakdown of 49.09 (low Apr.16) would aim for 48.63 (low Nov.28) and finally 46.69 (low Nov.27).