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Bank of Israel Indicates More Interest Rate Hikes Ahead

Israel’s Economy Faces 2.8% Contraction Amid Rising Inflation

Quick Look: Geopolitical instability has depreciated the shekel and strained key industries like construction and air travel. Due to high government spending, inflation has reached the upper limit of the Bank of Israel’s 1%-3% target. With ongoing fiscal challenges, wartime expenditures have driven the budget deficit to 7% of GDP. The economy is moving toward …

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dollar

Emerging market currencies edge higher after SVB collapse

Emerging market currencies edged higher after a sharp drop in the dollar amid increased bets that the US Federal Reserve will immediately pause its aggressive monetary policy following the collapse of Silicon Valley Bank. MSCI’s gauge of emerging market currencies rose 0.6%, hitting a one-month high earlier in the day. The dollar index retreated sharply …

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The Russian Rouble Is Strengthening Against The Dollar

Ruble Edges Higher

On Monday, the Russian ruble edged up against the dollar, gaining some ground after experiencing its biggest weekly decline since early July due to concerns about how sanctions on oil and gas would affect Russia’s export earnings. Following an oil embargo and price cap implementation, the ruble lost about 8% last week. It is currently …

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The Russian Rouble Is Strengthening Against The Dollar

The Russian Ruble Is Strengthening Against The Dollar

In early trade on Tuesday, the Russian ruble strengthened against the dollar. At the same time, OFZ government bond prices surged to their highest level since February 21, anticipating that the central bank would slash interest rates again shortly. The ruble was 0.6 percent firmer against the dollar at 79.30 GMT and 0.2 percent weaker …

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Russian Equities Rise, The Rouble Eases After Five-Week High

Russian Equities Rise, The Ruble Eases After Five-Week High

In early Moscow trade on Friday, the Russian ruble hit a five-week high against the dollar before settling in the 83-84 zone. In contrast, Russian equities rose as investors focused on developments in Ukraine and the ongoing gas payments problem. The ruble was 0.2 percent lower than the dollar at 83.37 (RUBUTSTN=MCX) at 1319 GMT; …

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US Lawmakers Demand to Cut Attach with Russian Wallets

US Lawmakers Demand to Cut Attach with Russian Wallets

Brad Sherman will introduce a bill in parliament to stop U.S. businesses from conducting crypto transactions for Russian banks and individuals. Speaking to a congressional finance committee on Thursday at a hybrid labeling meeting; Sherman said he would submit a bill to Senator Elizabeth Warren; that would give the Biden administration explicit authority to require cryptocurrency exchanges …

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Currencies Severely Impacted By The Russia-Ukraine Conflict

Currencies Severely Impacted By The Russia-Ukraine Conflict

Currency markets have not avoided the recent sharp losses and dramatic swings witnessed across other asset classes, and strategists are rethinking their strategies in light of Russia’s invasion of Ukraine. In the early phases of the Covid-19 epidemic, the Deutsche Bank Currency Volatility Index soared to near 10% in Europe on Tuesday morning, its highest …

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Market Charts and Analysis

Daily Market Charts and Analysis September 16, 2021

Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDRUB The Russian ruble will outperform the US dollar in the short term. The catalyst was the huge deficit in America’s oil stockpile last week. According to the American Petroleum Institute published on September …

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