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The ruble costs at around 64 per dollar against the decision of the Federal Reserve

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The ruble costs at around 64 per dollar against the decision of the Federal Reserve

The ruble costs at around 64 per dollar against the decision of the Federal Reserve
September 22
12:30 2016

The ruble has slightly risen against the US dollar at the opening of the stock exchange on Thursday morning. After that the currency of the Russian Federation has become stable near the figure of the previous session closing. The probability that the ruble will be stable all day long around the marks, which it reached earlier, is quite high.

On Wednesday evening the Russian currency market reacted to the decision taken by the Fed. Namely, it decided not to change the interest rate. The decision was accompanied by a press release with a softer than expected tone. On Thursday morning the ruble has risen by 0.03 percent against the dollar, being traded at 63.85 rubles. The euro is equal to71.73 rubles. This is 0.47 percent more than the bidding end on Wednesday. A day earlier the dollar exchange rate fell below the mark of 64 rubles per dollar.

Anastasia Sosnova, an analyst from Bank Russian Capital said: “There is a high probability that today the US dollar will try to consolidate within achieved on the eve values.”

On the eve the Federal Reserve did not change a key rate, leaving it in the range of 0.25-0.50 per cent. Thus, the Fed has made it clear that before the end of 2016 the monetary policy may become stiffer due to the fact that the labor market is experiencing clear improvements.

However, the forecast of the Fed representatives about the probable rate hike this year has down from two to one.

“The decision of the US Federal Reserve determined the stock-market dynamics in many respects. The regulator has not raised interest rates and is preparing to conduct a less aggressive monetary policy than was predicted previously. Oil quotes and the US indices have grown against this background and the dollar has weakened. The statistics on the reduction of oil reserves in the United States has also added positive to the “bulls”. It is not excluded that the Brent crude oil can again reach $ 50 per barrel in the next few days “, – said Alexei Antonov from Alor.

On Thursday morning oil has risen by 0.75 per cent, and now it costs $ 47.18 per barrel.

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