- USD/RUB loses momentum near 97.70 amid the rally in oil prices.
- Russia’s economic growth will be towards the top end of the 1.5%-2.5% expected range in 2023.
- Investors anticipate a 25 basis point (bps) rate increase from the Fed for the entire year, bringing rates to 5.75%.
- US ISM Services PMI data will be in the spotlight on Wednesday.
USD/RUB loses ground below the 98.00 mark during the early European session on Wednesday. The pair currently trades around 97.70, up 0.79% on the day.
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