The bourses will resume growth in the next few days

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On Tuesday, the ruble inside the day unfolded down due to a cautious mood in world markets. However, on Wednesday morning as buying continued USDRUB losing 23 cents, trading at 64.69 and increasing decline since the beginning of the week. EURRUB to the end of the day once again rose above 73, however, the strong start of the Russian currency on Wednesday brought the pair to 72.90, which is 23 cents below levels of closing of previous day and 60 cents less than the position of the end of last week.
Index Mosberg some lost growth momentum, showing the intraday decline after nine days of the rally, during which it grew by 3%. Noteworthy is that this growth finds support in the form of increased trade volumes, which indicates further growth in the coming days.
The IMF yesterday lowered its forecast for economic growth which caused pressure on the stock markets. However, it should be noted that such a fall is not getting development, and the participants, rather take a cautious stance due to the upcoming ECB meeting on monetary policy, and publishing of minutes of the March fed meeting.
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Alexander Kuptsikevich,
Analyst, FxPro