The ruble remains near 63 rubles per dollar, in readiness to fall

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USD/RUB rose by 50 cents – 62,82 ruble EUR/RUB – 1 penny, to 72,42 of the ruble on the background of aggravation of political risks in Italy, according to data Libertex. On Sunday, the President of Italy Sergio Mattarella refused to approve the composition of the coalition “government of change”, who introduced him to a lawyer, Giuseppe Conte, nominated for Prime Minister “Movement 5 stars” and “the League”.
The head of state decided to create a “technical” transitional Cabinet that many leading Italian politicians have regarded as exceeding constitutional authority.
U.S. against this background, also decreased. In the end, the Dow Jones industrial average on Wednesday fell 1.58% to 24361,45 points, the index of high-tech companies NASDAQ – on 0,5%, to 7396,59 points, the index of wide market S&P 500 by 1.16% to 2689,86 points, according Libertex.
In the morning us futures are trading mixed. Asian markets are demonstrating negative dynamics in the range of 0.4 to 1.6%. Instability in Europe has put pressure on the exchange APR. The index of the Shanghai stock exchange Shanghai Composite dropping 1.6%, Nikkei 225 – on 1,55%, the Australian index S&P/ASX 200 down 0.6%. In the morning the oil quotes drop by 0.28% – 75,28 dollars per barrel. In our view, USD/RUB protorguetsya in between the range of 62.3-63.3 rubles. EUR/RUB is likely to potorgovat in the area of 71.8-73,05 of the ruble.
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Ivan Marchena,
Analyst
GK Forex Club