RUB remains under pressure – Danske Bank

FXStreet (Edinburgh) - Senior Analyst Anders Lumholtz at Danske Bank, sees potential weakness for the RUB in the near term.

Key Quotes

“In emerging markets, the pressure on the RUB continues, in line with our view, as the US and Europe said they would adopt the harshest economic sanctions on Russia this week”.

“The weakness of the RUB is spreading to the PLN, CZK and HUF”.

“In Scandi FX markets, markets are awaiting the Swedish GDP on Wednesday, where strong data are likely to push EUR/SEK lower”.