Ruble: the Tension between the US and China fell

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Thursday, September 5, ruble pair was mixed. The ruble closed against the greenback at the level of the environment, the Euro, the Russian currency fell by 0 ,02%, the pound by 1.31%.
Trading on Masuria opened lower on ruble pairs. The ruble was in positive territory against its major counterparts before the us session amid rising oil prices and the easing of tensions in trade relations between the US and China.
The US and China have agreed to hold trade negotiations next month. Chinese state news Agency Xinhua reported that the agreement was reached during a telephone conversation with Vice-Premier of China Liu he with US trade representative Robert Leitheiser and Finance Minister Steven Mochina.
On the American session, the ruble lost ground due to the strengthening of the dollar after the release of macro data in the US. The index of business activity in the US service sector rose in August to 56.4 points from July’s level of 53.7. Data questioned a new decrease in interest rates by the fed in September. The final point will put today’s report on the labor market in the US (15:30 GMT) and a speech by Jerome Powell (19:30 GMT).
On Friday, September 6, in the Asian session, Brent crude oil rose by 0.51% to $61,06. Today the focus of attention of market participants focused on a report Non-farm payrolls and Powell. At 13:30 CBR will announce the interest rate decision. It is expected that the rate will be reduced to 7%. Given the significance of the upcoming events in the global markets, the decisions of the CBR with 90% probability will have no impact on ruble pairs. Or delayed effect after 19:00 GMT, when all markets will reduce volatility.
The technical picture in the pair dollar/ruble and Euro/ruble did not change. The price remains in a sideways trend. The reduction of tension between the US and China will keep the ruble from the strong weakening before the weekend.
Vladislav Antonov,
“Information-analytical center “Alpari”