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RUB expected to gain traction – Danske Bank Pablo Piovano
10:23 23 May /2016 Forex
Vladimir Miklashevsky, Senior Economist at Danske Bank, has assessed the prospects for the Russian currency.
“Russia’s currency continues to move closer to its equilibrium level, as RUB’s strengthening remains subdued”.
“We continue to be bullish on the RUB, updating the forecast levels to the recent levels in the oil price”.
“We remain bullish in the long run as the free float is protecting Russia’s current account surplus and economy despite probably one more year of slump”.
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Bank of Japan (BOJ) Summary of Opinions at the policy meeting on March 15 and 16, 2017 released this Monday morning says it is appropriate for the bank to pursue powerful monetary easing under the current guideline for market operations as there is still a long way to go to achieve the 2% inflation
03:23 27 March /2017 Forex
Analysts at Westpac offered their outlook for AUD/NZD and rates.Key Quotes:"AUD/NZD 1 day: The correction of the Feb-Mar rally persists, 1.0825 vulnerable, and 1.0760 possible multi-day (50% retracement).AUD/NZD 1-3 month: Higher to 1.10+. The cross remains well below fair value est
02:46 27 March /2017 Forex