Sunday 13 November 2016

The level of 66.666 rubles can be devilishly attractive for the dollar

The dollar/ruble rose by the end of the week in line with the trend of aversion from commodity and emerging currencies after the election of Donald Trump for US president, and from the point of view of technical analysis devilishly attractive for the dollar can become the mark of 66.666 rubles after a breach of number of important resistance levels.
On Friday morning the couple dollar/ruble has reached the value of 66,000 for the first time form August 4, the trading session closed at 66,1114.
Since Thursday the ruble in tandem with the dollar fell by 2.5 percent, more losses than ruble have currencies of a number of South American and Asian countries, partly due to Trump's intentions to conduct an expansionary economic policy of the USA, which could hit the export-oriented economies in the States.
Dollar is rising also because of the risks of accelerating inflation in the US, calculated in the possible scenarios for economic management of the new administration, which can speed up the process of raising rates, which also plays on the side of the dollar against higher-yielding currencies.


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