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CA switches rouble long to basket from dollar
RUSSIA: Russia's rouble is looking overbought against the dollar, but still looks attractive vs the euro-dollar baske
RUSSIA: Russia's rouble is looking overbought against the dollar, but still looks attractive vs the euro-dollar basket, Credit Agricole says. Having been long rouble vs dollar since late Sept, CA now recommends switching to a bet vs the basket, selling 1-month basket NDF with target of 32.75 and stop loss at 34.00. On the spot market the rouble last traded at 33.15 vs basket, gainin.
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