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Business / Finance

The foreign exchange market. The ruble will go on

Forex Club 22.01.2018 at 20:03

Rouble is growing again, now contrary to the dynamics of oil. While Brent updated 9-day lows in the area of 68.02 USD./barrel. AUD/ USD attempted to break below 56,40.

Such dynamics helped the weakness of the dollar and the peak of tax payments in Russia. The fact that the US government was forced to suspend work due to the fact that no agreement was reached on a draft budget for 2018. And until the resolution of the conflict, the dollar will remain under pressure.

at the same time, Russia is entering the most active period of tax payments, forcing exporters to exchange foreign currency into Russian rubles. Short-term, it can easily fall in USD/RUB.

the immediate goal for the pair may be the mark of 56.20.

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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