Russian central bank says currency interventions to continue

  • until rouble returns to within target exchange rate
  • will conduct unlimited forex market interventions once rouble strays outside target corridor

The “corridor” is currently 33.95-40.95 vs the euro/usd basket and the policy has been to shift it by 5 kopeks when deemed necessary.

Currently around 40.90 on the news

USDRUB next big resistance is 2009 high of 35.83

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