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RUB Appreciates As Inflation Stabilizes, Banxico On Hold

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Aug 11, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

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    The ruble is following its upside momentum, currently trading below 65 ruble for a single dollar note. Things are looking up for the country as its economic prospects show definite signs of improvement. July's inflation data plunged to its lowest level in 2 years to 7.2% y/y for July.[​IMG]

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