Russia FX Beat - April 10, 2018
Yesterday evening, Trump said that the US would respond to the Syrian government’s alleged use of chemical weapons within 48 hours and did not rule out military action. Russian officials said that the attack did not happen and warned against taking action. With the rising tensions, the ruble selloff has continued today, despite risk-on sentiment in global markets. USD/RUB has broken through the 63.5 level this morning, losing almost 4%, and FX turnover as of 11:00 Moscow time is higher than at that time yesterday.
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