RUB seen higher in the long-term – Danske Bank

Vladimir Miklashevsky, Senior Strategist at Danske Bank, expects the Russian currency to gather traction in the longer run.

Key Quotes

“Russia’s currency hovers on global fears of a Brexit as the run to safe havens has accelerated over the past 30 days”.

“We continue to be moderately bullish on the RUB in the long term, updating our forecast levels on the upcoming short-term weakness generated by Brexit uncertainty and the start of dividend payments by Russia’s biggest companies in July-early August”.