Holiday season trading

Макроэкономика 25.12.2014 As calmed holiday season FX trading provides a temporary reprieve, central banks can concentrate on yearly reports. The Russian central bank aims to fix the FX rate at 54/USD as the Euro gradually weakens in response to positive macro US news continues to have an impact (it was down by 1.18% a week ago). Of the CIS countries, Kazakhstan' currency fell 0.25% yesterday in response to the ruble's 20% decline over the past month. The Russian ruble rose 1.66% yesterday thanks to soft capital controls, the Euro upped 0.20%, and the hryvnia was down 0.40% and its real trade-weighted index lost 0.90%.