OctaFX | OctaFX Forex Broker
Open trading account

RUB weakness poised to continue – Danske Bank

FXStreet (Edinburgh) - In the view of Vladimir Miklashevsky, Strategist at Danske Bank, the Russian currency is expected to grind lower in the next periods.

Key Quotes

“As we expect the Fed’s first hike in Q1 16, we see it as the big mover for USD/RUB along with other emerging markets”.

RUB still remains vulnerable to oil price fluctuations; however, in the short run, we see the Russian currency being driven more by sentiment towards EM assets than by marginal changes in the oil price”.

“Looking ahead, we expect the rouble weakness to continue although on a more moderate path than seen over the past 12 months, supported by diminishing FX debt redemptions from the corporate side”.

EUR/USD shows little reaction to China rate cut news

The EUR/USD pair continues to trade around 1.11 levels, as a minor wobble to 1.1080 levels after China rate cut news was quickly undone.
Read more Previous

FOMC Preview: Wait for lift-off - Rabobank

Philip Marey, Senior US Strategist at Rabobank, suggests that the FOMC meets on October 27-28, but is not expected to announce a rate hike as the FOMC is likely to prefer to wait until December to make a decision whether to go ahead with a 2015 liftoff.
Read more Next
Start livechat