FXStreet – The Danske Bank Senior Economist Vladimir Miklashevsky said that the medium-term prospects of the Russian currency remains bullish.
“The markets have given up their geopolitical Fears, so that the risks for the RUB are upside greater than the downside risks.”
“Excessive strength of the RUB with the current price of Oil can lead to the fact that the CBR or the Finance Ministry FX make purchases.”
“Given our bullish Brent prospects (58 USD/Barrel by the end of 2017), we are set for the RUB moderately bullish.”
** FXStreet News Editorial, FXStreet**