Declineing holdings of U.S. securities is an answer from the side of Moscow.
Minister Silanov already hinted this move. Russia’s holdings of Treasury securities dropped 84%, decreasing to $14.9 billion from $96.1 billion. Also, Russia decided to make focus on their Rubble and Euro instead of US dollar. They will keep their “fair play” to US companies who operate in Russian country.
USD/RUB rose even higher. We could see it move higher and break the 67.51 resistance level. On the other side, we could see the pair moving lower to the 66.46 support level and aim for the 65.57 support barrier.