After release of the minute, national currencies of the developing countries fell about 1% against USD. Along with this, Brent crude dropped 1.1% to $49 a barrel.
The western analysts says only Azerbaijani manat preserved its stability: “Manat strengthened 0.41% denying FRS minutes. Though the matter is about a currency directly depending on oil prices, the oil declined. All currencies depending on oil price have declined. For example, Mexican peso slid 0.76%, Russian ruble 0.63%, Brazilian real 0.6%, Chinese yuan 0.43%, Kazakhstani tenge 0.34%”.
The analysts say the manat strengthened because the stability in Naghorno Karabakh could create optimism in currency traders: “Manat rate was also affected by laying the foundation of TAP”.
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