The ruble is falling in anticipation of the verdict of the fed, investors cautious
The field is predominantly negative dynamics in the stock markets in Asia, Europe opened in different directions and with minor changes within 0.2%.Describing the results of the summit, U.S.-North Korea as a neutral investors switched to the upcoming fed meeting and the ECB and are hesitant to participate in the run-up to these events. Russian indices started mixed but soon Mosuri the index went to negative territory after RTS, which falls in tandem with the ruble.
The Russian currency lost to the dollar mark 63 RUB that quotes have tried to test the day before. The players in General have no interest in risky assets and in the case of the “Russians” more the pressure of new sanctions, lower oil prices and the trend for the dollar in the international arena. The pair dollar/ruble has updated the highs of may 9, in the area 63,18 RUB and trying to gain a foothold beyond psychological level, a daily close above which will exacerbate short-term technical Outlook for our currency.
“American” is counting on the fighting spirit of the Federal reserve, which will announce the verdict tonight. In the light of the acceleration of inflation and further tightening in the labor market, market participants are betting on the improving economic assessments and point forecasts of the regulator, reflecting the prospects of further monetary tightening. Support for the dollar would be a hint of four rate increases this year. If this does not happen, we can see widespread profit taking on long dollar positions.
Head of research,