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Russian Central Bank expects economic growth in Q1 at 2.0-2.5%

The Russian economy is expected to expand by 2-2.5% in the first quarter of 2020, the Central Bank of the Russian Federation said on Monday, per Reuters.

The bank further added that it expects smaller annual investments by foreigners into Treasury bonds in 2020-2022 and noted that spending on national investment and infrastructure projects could create additional inflationary pressure in 2020.

USD/RUB reaction

The USD/RUB pair ignored these comments and was last seen trading at 64.4728, down 0.13% on a daily basis.

GBP/USD finds support near 1.3000, struggles to erase daily losses

The GBP/USD pair closed the previous week 150 pips higher as the British pound gathered strength after Prime Minister Boris Johnson appointed Rishi Su
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US Dollar Index Price Index: DXY advances to fresh 2020 highs, challenges 98.20 resistance

The US dollar index (DXY) is printing fresh 2020 high while trading well above the main daily simple moving averages (SMAs).
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