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USD/RUB Hits Another All-Time High – Could We See 90.00 Next?

Discussion in 'Technical Analysis' started by Kaitlin, Jan 22, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Though oil prices are bouncing back toward the $30.00 level (WTI) so far today, the longer-term outlook for the ruble remains dark. Earlier this week, the International Monetary Fund (IMF) published its forecast that the Russian economy would shrink an additional 1.0% this year, after contracting by fully 3.7% last[​IMG]

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