USD/RUB accelerates the downside below-64.00, session lows

 

 

The Russian currency is now intensifying its upside momentum vs. the buck, sending USD/RUB to the area of daily lows in sub-64.00 levels.

USD/RUB weaker on US data, oil

The bearish fashion around the greenback continues to weigh on the pair today, which is so far printing its third consecutive session with losses and deflating from weekly tops in the mid-65.00s.

The persistent selling mood around USD has intensified today after the US labour market report showed Average Hourly Earnings have unexpectedly contracted 0.1% during November, despite the economy has added almost 180K jobs and the unemployment rate dropped to 4.6%.

 

 

Collaborating with the downside in spot, the barrel of Brent crude has reverted the initial softer tone and is now posting smalls, adding to the recent rally post-OPEC deal on Wednesday.

USD/RUB levels to watch

At the moment the pair is retreating 0.32% at 63.76 facing the next support at 63.51 (low Dec.1) followed by 63.25 (low Nov.9) and then 61.95 (low Oct.25). On the other hand, a break above 64.52 (20-day sma) would expose 65.49 (high Nov.29) and finally 65.68 (200-day sma).

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