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Playlist: USDRUB

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2:38
Why I’m long USDTWD — #SaxoStrats
Kay Van-Petersen
10 July 2017 at 12:05 GMT
3:21
Trading USDRUB in a difficult year — #SaxoStrats
Kay Van-Petersen
16 January 2017 at 13:40 GMT
3:22
Fasdal: The worst is over for Russia and here's why
Simon Fasdal
19 November 2015 at 8:47 GMT
2:46
Kazakova: Should you be trading Russia again?
Nadia Kazakova
28 October 2015 at 10:45 GMT
2:30
Explained: The rouble crisis as USDRUB hits 60
Nadia Kazakova
28 July 2015 at 11:13 GMT
1:32
Russian rate cut sends Rouble running
Angus Walker
30 January 2015 at 11:18 GMT
2:42
If Russia's debt becomes junk, then what?
Nadia Kazakova
13 January 2015 at 13:40 GMT
3:14
Kazakova: What will Russia do next?
Nadia Kazakova
16 December 2014 at 14:47 GMT
2:40
Jakobsen on the most 'volatile cocktail' in Russia
Steen Jakobsen
16 December 2014 at 13:29 GMT
4:17
The Ruble rumble - panic rate hike shaking markets
John J Hardy
16 December 2014 at 10:08 GMT
2:45
Currencies on the move as the oil price falls
John J Hardy
28 November 2014 at 12:39 GMT
3:22
Jakobsen: Ignore the ruble's fall at your peril
Steen Jakobsen
07 November 2014 at 13:14 GMT
Video / 18 January 2018 at 8:26 GMT

From the Floor: USD fighting back, Russian officials move to limit RUB

#SaxoStrats
   • USD fights back on Fed Beige Book release
   • AUD firm on strong payrolls growth
   • Russian officials move to limit RUB strength

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By Michael McKenna

The Federal Reserve released its latest Beige Book on the US economy Wednesday with the report pointing to a mild-to-moderate pace of expansion in wages, inflation, and the overall outlook.

The release proved USD-supportive in the late US and Asian sessions, with Saxo Bank head of forex strategy John J Hardy also noting that Apple's announcement that it will repatriate over $250 billion in assets under the new tax reform programme boosted the dollar as well.

EURUSD is well down from Wednesday's highs near 1.2320 while USDJPY has broken north of the 110.00 big figure.'

Elsewhere in FX, Russian officials were out warning of "eurphoria" relating to the elevated price of oil, and have indicated that they will be moving to defend against further RUB strength. In the Aussie, meanwhile, AUDUSD is firming just south of the 0.80 handle on strong employment data.

USDRUB:
USDRUB
Source: Saxo Bank

Michael McKenna is head of editorial content at Saxo Bank

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