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Rouble continues to consolidate positions in pairing with USD
With the start of the trading session at the MICEX currency section, the Russian Rouble rate continues slowly consolidate its positions in pairing with the USD and the Euro. At the moment domestic currency is supported due to expectations of active sales of currencies (export earnings).
Thus, trading session for the USD started at the level of 28.87 roubles, which is 4 kopeks less than yesterday’s closing level; the EUR started movement at the level of 41.63 roubles (-5 kopeks).
Dual currency basket value is at the level of 34.62 roubles today (-3 kopeks).
Such vague and limited movement of the rouble’s pairs can be explained by obscure external background and investors’ wait and see attitude in advance of tomorrow’s annual conference in Jackson Hole.
Presumably, the pair Dollar/Rouble will be in the channel of 28.80-28.98 Roubles for the USD at the trading session on Thursday.
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