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Business / Finance

The foreign exchange market. The ruble will reach 60,60

Forex Club 25.07.2017 at 16:46

The Ruble continues to incur losses against the dollar, in the moment turning to mark 60,12. Even against the background of growing oil. Brent reached today 3-day high of $ 50,18./Barr.

basically, the market focused on the sanctions from the USA. Today will be a vote on the issue. And besides there are rumors about pressure on the administration of D. trump and the possible resignation of Secretary of state R. Tillerson. All this is perceived as a negative factor for the ruble.

in addition, tomorrow all the attention will be focused on the FOMC meeting on monetary policy. Published today data on PMI in sphere of services of Philadelphia upset the market. And set up on the pessimism. If tomorrow the fed will be slightly more optimistic than market expectations, this will cause a sharp demand for the dollar.

AUD/USD has further upside with the nearest target at around 60,60.

Warning: Profitability in the past does not mean profitability in the future. Any projections are for informational purposes and do not guarantee results.

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usd/rub, Forex club

Not found economic events 2017-07-26 on 2017-07-26