Flash: RUB could go lower - Danske Bank

FXStreet (Barcelona) - Anders Møller Lumholtz, Senior Analyst at Danske Bank comments that the FX markets will follow closely the political response to the Crimea referendum that certainly has the potential to put further pressure on EM currencies and the rouble.

Key Quotes

“Last week we updated our RUB forecast and we still see a significant weaker rouble despite the recent sell-off.”

“In Bank Rossii’s tightening to curb economic growth in Russia we argue that rate hikes from the Russian central bank cannot be ruled out if the Crimea situation triggers a sharp RUB sell-off.”