Sunday, December 17, 2017

The dollar fell in the world market is projected to further fall

The dollar fell in the world market is projected to further fall

Against the background of speech of US Federal Reserve Chairman Dzhanet Yellen the dollar collapsed: As of 22:00 August 25 ruble gained 55 kopecks. Now projected decline in the dollar to 57.5 rubles.

August 25 evening dollar exchange rate fell sharply: if day per unit of US currency gave 59.22 rubles, as of 22:00 - only 58.6. The euro also fell by 23 kopecks to 69.6 rubles.

As pointed, the dollar's decline is due to the speech of the US Federal Reserve Janet Yellen on economic symposium in Jackson Hole. Investors were disappointed that it has not touched the theme of monetary policy, in addition, there was no hint of the possibility of further Fed rate increase.

Senior analyst "Freedom Finance" Bogdan Zvarich Friday summed up: "On the currency exchange section Moscow Ruble strengthened against major currencies. Thus, for the main session end dollar fell to 0.8%, departing below 59 rubles, euro decreased by 0.1% to 69.8 rubles. Under these circumstances, we can say that, if the "bears" will be able to gain a foothold below the level of 59 rubles, which is moved to the discharge resistance, it will create a base for further dollar for the purpose in the region of 57.5 rubles, which currently acts as the nearest support ".

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