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Technical Analysis USDRUB : 2016-04-06

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 6, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Falling Oil prices weakens Ruble The dependence of the Russian ruble on international oil prices decreased though it has not disappeared completely. Ruble becomes cheaper due to the ongoing Brent quotations fall. Such trend on USDRUB chart looks like a growth. Will the weakening of the ruble continue? It should be noted that since early April Brent oil fell by 6%, while the Russian currency had lost only 3%. Share of energy products in the structure of Russian exports to non-CIS countries fell

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