Russian Ruble: Oil-driven gains seen fading into year-end – Commerzbank - TMGM

Russian Ruble: Oil-driven gains seen fading into year-end – Commerzbank - FXStreet

Russian Ruble: Oil-driven gains seen fading into year-end – Commerzbank - FXStreet

Russian Ruble Rally Seen Fading by Year-End as Oil Support Wanes: Commerzbank - CryptoRank

The Commodities Feed: Supply worries remain as US extends Russian oil waiver

Lead — The extension of the U.S. waiver on Russian oil imports reflects ongoing concerns about global supply dynamics, with the potential to impact various asset classes, including currencies. Per the full note from ING Economics, this development further complicates the landscape for oil prices, which are already under pressure from geopolitical tensions and economic uncertainties. Traders should stay alert to the implications for dollar strength and commodity-linked currencies in the wake of these supply worries. In the broader context of FX markets, this could create volatility in pairs sensitive to oil price fluctuations, such as CAD and NOK.