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What happens to the ruble? At a time when oil prices go up, every day renewing longstanding records, the Russian currency is testing 3-month lows.
It again confirms the change of market sentiment. The Bank of Russia for a long time sijaet rate, and continues to go the same way.
At the same time, the fed gives a clear signal of the readiness to further increase. And this creates conditions for outflow of capital from riskier and potentially less profitable ruble. Moreover, at the same time it strengthens the demand for the American currency.
However, on Tuesday the pair USD/ RUB was obviously exaggerated – the pair has gone up more than figure. It is not excluded that on Wednesday it will be time for a rematch we will see a correction with the immediate goal at around 58,80.
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 2017-11-08 for 2017-11-08
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