	Symbol	Bid	Ask
	EURUSD	1.2885	1.2888
	GBPUSD	1.5259	1.5262
	USDJPY	102.26	102.29
	USDCHF	0.9666	0.9669
	USDCAD	1.0239	1.0242
	EURJPY	131.78	131.81
	EURCHF	1.2456	1.2461
	GBPJPY	156	156.07
	GBPCHF	1.475	1.4757
	GOLD	1394.24	1394.84
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Research: Sell Rub Vs. the Basket

Quotes from HSBC Global Research:

-The positive global market sentiment and the rise in oil prices have fuelled the upward movement of the RUB.

-We now believe that this appreciation is overdone, barring further large gains in oil prices. In the coming months, the dynamic of the current account is likely to deteriorate.

-On the political front, we believe Vladimir Putin's victory at the presidential election is a guarantee of continuity. However, the political challenges remain and the rising demands for more liberal policies may be disappointed, which would sustain stubbornly high capital outflows

Published: 2012-05-22 13:13:00 UTC+00

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See also: Current levels of support and resistance

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May 20 at 20:28 UTC