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EM FX-20260610
JPMorgan· 2026-06-10 17:12
Sales & Trading J P M O R G A N 10 June 2026 EM FX RUB Usd/rub dropped like a stone yesterday, hitting a low of 71.30 just around the 10 a.m ndf fix. It did bounce a little later in the session but it's hard to fight against the ever present onshore supply, even if it does feel very much on the low side. Ndf flows were very sparse.. perhaps corporates have already bought all they need? Laoise Ni Thighearnaigh AC laoise.nithighearnaigh@jpmorgan.com JPMorgan Chase Bank N.A, London Branch ZAR 1Q26 SA GDP surpr ...