Ruble rebounded after reaching agreement in Minsk

The ruble rebounded after reaching an agreement in Minsk

The Russian ruble has won back losses and traded in the flat, gaining a foothold above weekly highs after Minsk made a decision to cease fire.

At the moment the USD / RUB is trading slightly higher by 0.32% at 65.35, retreating from fresh daily lows at 64.51 marked on reaching an agreement. The ruble is likely to continue to be supported against the dollar, as the leaders of Russia, Ukraine, Germany and France managed to conclude an agreement on a cease-fire in the eastern Ukraine.

Russian President Vladimir Putin said that the military operations will be discontinued on February 15th. “We have decided on a ceasefire and the agreement reached on key issues,” – said Putin told reporters after hours of negotiations.

Levels of USD / RUB

Resistance is located at 67.61 and 68.42, and support – on 63 and 61.

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