USD/RUB gains traction near 94.00, eyes on Fed’s Chair Powell

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• USD/RUB gains momentum around the 94.00 mark amid the cautious mood in the market.
• Russian President Vladimir Putin warned that inflationary risks were rising in the country.
• The Jackson Hole Symposium, the Federal Reserve (Fed) Chairman Jerome Powell’s Speech will be the highlight.

USD/RUB posts modest gains near 94.00 during the Asian session on Thursday. Meanwhile, the US Dollar Index (DXY) consolidates its gains around 103.35 as investors prefer to wait on the sidelines ahead of the Jackson Hole Symposium and Federal Reserve (Fed) Chairman Jerome Powell Speaks this week.