11 Feb 2015
Ruble falls ahead of Minsk Meeting
FXStreet (Mumbai) - The Russian ruble fell for the second straight session against the US dollar as traders remain cautious ahead of Minsk Meeting on Ukraine crisis.
Currently, USD/RUB trades at 66.18 levels, gaining 1.22% on the day, close to fresh daily highs recorded at 66.46 levels. The ruble extended losses and fell further as traders remain wary as leaders of Russia, Ukraine, Germany and France are meeting in Minsk, Belarus, later today to mediate a peace deal for Ukraine, days after talks in Moscow. The Russian currency remains pressured on falling oil prices and on deepening crisis in Ukraine extending into the tenth month.
USD/RUB Technical Levels
To the upside, the next resistance is located at 67.61 and above which it could extend gains to 68.42 levels. To the downside, immediate support might be located at 65 and below that at 63 levels.
Currently, USD/RUB trades at 66.18 levels, gaining 1.22% on the day, close to fresh daily highs recorded at 66.46 levels. The ruble extended losses and fell further as traders remain wary as leaders of Russia, Ukraine, Germany and France are meeting in Minsk, Belarus, later today to mediate a peace deal for Ukraine, days after talks in Moscow. The Russian currency remains pressured on falling oil prices and on deepening crisis in Ukraine extending into the tenth month.
USD/RUB Technical Levels
To the upside, the next resistance is located at 67.61 and above which it could extend gains to 68.42 levels. To the downside, immediate support might be located at 65 and below that at 63 levels.