Poland hikes rates 100bps to stem inflation USDPLN
The NBP is looking to stem rapidly rising inflation due to the Russia/Ukraine war.
Source: cityindex.co.uk
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Top News In Usd Rub Today - Breaking & Trending Today
USDRUB back to preinvasion levels watch USDPLN and USDHUF
Eastern European EM pairs may be a good alternative to USD/RUB for the short-term trader.
Source: cityindex.co.uk
Cant trade the Russian Ruble look to Eastern European EMs
There are some Eastern European Emerging Market currencies which are highly correlated with USD/RUB.
Source: cityindex.co.uk
Eastern European EMs highly correlated to Ruble
Where can traders turn if they are interested in taking advantage of the move in USD/RUB? They can look west to USD/PLN, USD/HUF and USD/CZK.
Source: cityindex.co.uk
USDRUB hit flag target Whats next
If the headlines continue to be negative regarding Russia invading Ukraine, it should provide a stronger reason for USD/RUB to move higher.
Source: cityindex.co.uk