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USD/RUB remains well offered

USD/RUB is capturing attention with its sustained price move and soaring volatility.

The search for a low in today's trading is reflected in the 2-standard deviation bands expanding for several consecutive hours. Moreover, the near-term technical picture shows recent close prices printing below the 50 exponential moving average, a bearish condition that should it persist, would help maintain prices below the SAR indicator.

The parabolic SAR has yet to switch direction after two sessions of downward price movement. By doing so means shorts are taking profit. Risks exist the volatility and down drift extend to higher time frames.

USD/MXN expected to decline to 16.35 by quarter-end – TDS

According to Cristian Maggio, Head of Emerging Markets Strategy at TD Securities the Mexican peso could rise 2.2% against the US dollar during the fourth quarter. He added that Mexico will growth faster and more sustainable that most Latin American countries.
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Nonfarm Payrolls: bad news is again good news? - BAML

Analysts at Bank of America Merrill Lynch explained that the stocks and EM FX rallied after the worse-than-expected NFP.
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