OctaFX | OctaFX Forex Broker
Open trading account

Russia’s credit rating closer to IG – BBH

FXStreet (Edinburgh) - The research team at BBH has assessed the recent upgrade of Russia’s credit rating by agency Moody’s.

Key Quotes

“Moody’s raised Russia’s credit-rating outlook to stable from negative”.

“The credit rating was affirmed at Ba1, a step below investment grade”.

“The agency cited a stabilization of external finances and a diminished likelihood of the economy facing a further “intense shock” in the medium-term”.

“It also expects the country’s external financial position to “remain relatively robust” and that the negative effect of sanctions and low oil prices on FX reserves this year will be milder than expected. This was in part due to the floating exchange rate which “helped mitigate the shocks.”

We will have some consolidation before FOMC - TDS

Analysts at TD Securities expects a quiet spell ahead of the Fed interest rate decision.
Read more Previous

USD/JPY offers insight to the market - Scotiabank

USD/JPY remains range‐bound, with the JPY seeing little or no obvious benefit from the heightened volatlity and uncertainty that surrounded yesterday’s ECB decision.
Read more Next
Start livechat