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FxWirePro: USD/RUB pares oil induced losses, bounces of day's lows at 64.75

  • Russian rouble traded stronger early on Thursday, helped by higher oil prices and healthier risk appetite on global markets

  • Brent crude oil, a global benchmark for Russia's main export, was up 1.1 percent at $48.9 a barrel

  • USD/RUB hit session lows at 64.69, the pair has bounced off lows and is currently trading at 65.30 

  • Russian share indexes were mixed on Thursday, reflecting moves in the rouble

  • Dollar-denominated RTS index was up 0.9 percent, to 796 points, while its rouble-based peer MICEX traded less than 0.1 percent lower at 1,641 points

  • Oil prices are likely to continue to determine the direction of the rouble in the near future

  • Immediate resistance for the pair is seen at cloud top by 66.11, while support on the downside is located at 55 EMA at 64.08

  • Market Data
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