Gerard Burg, Senior Economist at National Australia Bank, notes that weaker oil prices could benefit China’s growth, and further revises the GDP forecast for 2015 and 2016 to and respectively.
USD/RUB stays near lows around 56.90 http://betiforexcom.livejournal.com/24921015.html The Russian currency is recovering part of the ground lost to the greenback at the beginning of the week, now dragging USD/RUB to the area of daily lows near 56.90.USD/RUB gains capped around 57.00RUB is deriving support following the recent recovery in crude oil prices, although the barrel of European reference Brent crude is today alternating gains with losses in the low-$48.00s.Crude oil prices failed…
USD/RUB The Ruble dropped as low as 78 on Tuesday, despite Moscow's sharp hike in interest rates. The most severe intraday fall since Russia's 1998 currency crisis and debt default destroyed investors' appetite for risk.
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