USD/RUB breaks solid support around 82.8000 aims towards the 80.00 mark By christianborjon USDRUB Crosses Sentiment Macroeconomics
China’s March Caixin Manufacturing and Services PMIs fell below 50 for the first time since 2020, signaling its economy is slowing.USD/RUB Price Forecast: The uptrend remains intact, but a daily close under 80.3254 might open the door towards the 200-DMA around 77.20s.
The 10-year benchmark note sits at 2.62%, up seven basis points, as market players expect the release of March’s monetary policy minutes. On the Geopolitical front, the fighting continues in Eastern Europe. Moscow said that work is ongoing when the next round of discussions with Ukraine occurs.
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