USD/RUB retakes 65.00 and above on oil drop

The greenback is extending its bullish momentum vs. its main rivals today, now lifting USD/RUB to session highs beyond the 65.00 handle.

USD/RUB up on oil gains, Fedspeak eyed

Spot is climbing to multi-day highs as the ongoing rout in crude oil prices continue to weigh on RUB. In fact, the barrel of Brent crude is shedding more than 2% to levels below the $47.00 mark.

In addition, the greenback has reverted its negative start and is now up smalls, collaborating with the upside and extending last Friday’s up move.

Ahead in the session, the greenback will take centre stage later in light of speeches by Atlanta Fed D.Lockhart (non voter, dovish), N.Kashkari (voter in 2017) and the most dovish FOMC member, L.Brainard (voter

USD/RUB levels to watch

At the moment the pair is advancing 0.60% at 65.20 facing the next hurdle at 65.97 (high Sep.1) followed by 67.15 (high Jun.14) and finally 68.81 (200-day sma). On the other hand, a breach of 63.58 (low Sep.8) would aim for 63.41 (low Aug.18) and then 62.75 (low Jul.14).