The euro slumps following the recent news

The euro slumps following the recent news about a court ruling that challenges the participation of Germany, one of the biggest economies in the eurozone, in the unified stimulus program for the block. Actually, looking at the fundamentals, it appears that the odds are in favor of bearish investors as oil prices bounce back and investors continue to worry about the gloomy sentiment regarding the global recovery. The Russian ruble is projected to strengthen soon as prices of crude in the commodity market gains yet again, with the WTI crude oil futures climbing to beyond the $25 mark this Wednesday. Take note that the Russian ruble is a commodity currency and its direction is correlated with the stability of the crude market. Moreover, the Russian economy proves its robustness as it records stronger than projected figures from the previous reports. And later this week, investors also waiting for further guidance from scheduled reports from Russia.