Forex Analytics of LiteForex of 02.11.10: Rouble consolidated slightly this morning

With the start of the trading session at the MICEX currency session the Russian Rouble rate consolidated slightly on Tuesday in pairing with the USD amid positive dynamics of the pair EUR/USD at Forex. However activity at the market is minimal so far. Two- day meeting of the U.S. Federal Reserve will start today and in advance of this meeting market traders do not rush into transactions.

Thus trading session for the USD started at the level of 30.73 roubles (-2 kopeks); the EUR started at the level of 42.82 roubles.
Dual currency basket value has not changed and amounted to 36.23 roubles.

Thus market participants will be waiting for the catalysts on the outcome of the FR meeting, before this the trading session will be held within narrow range.   

Presumably the pair rouble/dollar will be in the channel of 30.60-30.85 roubles for the USD at the trading session on Tuesday.

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