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Business / Finance

The foreign exchange market. The ruble could close the week below 59

Forex Club 27.07.2017 at 21:10

The Ruble continued growth, as we expected, touching the mark of 59.26 a barrel during the trading day. And really, this time it's all in the Brent were able to get to 51.66 dollars./Barr.

the strengthening of the dollar in the broad market has not affected the ruble. He continued to grow throughout Thursday, and it may continue to move up on positive mood oil. Brent has risen in price, and this greatly contributes to the economic data.

Data from the American petroleum Institute (API) has exceeded expectations: inventories decreased by 10.2 million barrels, against a growth of 1,628 million barrels a week earlier. Report US Department of energy showed the decline from 7.2 million compared to the forecast -2,6 million barrels. Last week, the number of active rigs for the first time fell, albeit one installation, but if this is a trend, Brent tries to gain a foothold above $ 52,00./Barr.

USD/RUB in such conditions could slide into of 59.00 and try to close the week below the psychological mark.

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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