The dollar and Euro on monthly highs against the ruble

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Positive comments of the President of the United States from a personal meeting with the leader of North Korea support a moderately positive mood of stock markets. The USDJPY rose to its highest levels in three weeks to 110.40, which is a reflection of the demand for profitable assets.
While the single currency has been fixed at levels higher than 1.18. Yesterday’s attempt to overcome this resistance was not successful and the couple was driven back to 1.1750, while remaining in the range, where the couple spends for a week now. Players prefer to avoid big moves before important meetings of the fed and the ECB later this week.
In commodity markets dominated by a lull waiting for new signals from the Central Bank and politicians. Oil is trading slightly higher near $76.40, after recovering from yesterday’s dip to $75.40.
Among the important upcoming events you should pay attention to the results of the summit, the US-Korea. Strong statements can cause a violent market reaction. In addition, tonight is the statistics of retail prices in the United States – an important indicator ahead of the fed meeting. The accelerating pace of price growth is able to produce a new wave of growth in the USD and the weakening of stock markets on fears of a more active rate hikes by the fed.

The ruble

Yesterday, the Russian currency lost as she so often does around the holidays. At the end of trading Monday, the USD / RUB gained 29 cents, rising to 62.82, which is the highest close in a month. Partly on the ruble pressured reports of new sanctions against several companies from Russia from the United States.
EURRUB added 37 cents, breaking the mark of 74. And it is also the highs for the month.
It is likely that the trend in the weakening of the Russian currency will continue in the coming days along with a return to the focus markets two important topics: the tightening of policy in the United States and minimize incentives from the ECB, as well as fears around the sustainability of the economies of developing countries, where the continuing suffering of the Argentine and Mexican pesos, Turkish Lira and South African Rand also returned to decrease.
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Alexander Kuptsikevich,
Financial analyst,
FxPro