RUB expected to gain traction – Danske Bank

Vladimir Miklashevsky, Senior Economist at Danske Bank, has assessed the prospects for the Russian currency.

Key Quotes

“Russia’s currency continues to move closer to its equilibrium level, as RUB’s strengthening remains subdued”.

“We continue to be bullish on the RUB, updating the forecast levels to the recent levels in the oil price”.

“We remain bullish in the long run as the free float is protecting Russia’s current account surplus and economy despite probably one more year of slump”.