FX.co ★ Trader's diary. June 10, 2020. Covid19 in Russia. Russian rouble. EURUSD

The coronavirus in Russia. The situation of the previous days repeats. The rate of infection remains high.

As we can see, the number of new cases decreased by 1,000 and exceeded the number of recovered patients by 1,000 as well. Meanwhile, in Moscow, the number of new infection cases has dropped by around 1,000 for two days (which is a good sign) and exceeds the number of recovered by another 2,000. Overall, in Russia, except Moscow, the quantity of active cases is at its highest level (see the chart above) and reaches around 234,000 (see the last column).

Hospitals in 10-15 Russian regions are overloaded with patients. Meanwhile, the decision to lift all quarantine restrictions in the country is a big blow to health workers. Moreover, the death toll is likely to increase due to the inability to provide quality medical care. It is a rather silly decision to vote on June 1 especially since amendments to the Russian Constitution have already been adopted and entered into force. That is why it is not clear why it is impossible to vote in the autumn, when there will be no epidemic.

The Russian Rouble is no longer strengthening.

It is better to buy the US dollar and the euro in the long term with the target at 85 roubles per dollar.

EURUSD: hold your buy deals from 1.1320 with the target up to 1.1480.

Moreover, the Fed's meeting will begin today.