Russian Ruble Falls 2.8% on Downgrade Concern

The video discusses the US currency's focus during a week when the Federal Reserve meets, with no changes expected. It highlights the end of the third round of quantitative easing. The Russian ruble is noted as the biggest faller, with concerns over investment ratings potentially leading to further sell-offs. In Asia, attention is on the yen and the Bank of Japan meeting, with crucial retail sales data expected.

What is the main focus of the OFX headlines for October 27th?

• The European Central Bank's policy changes

• The end of the third round of quantitative easing

• The rise of the Russian ruble

• The Bank of Japan's interest rate decision

Despite a stable investment grade rating, what is happening to the Russian ruble?

• It is rising significantly

• It is falling by almost 1%

• It remains unchanged

• It is gaining strength against the dollar

What recent action did Moody's take regarding Russia?

• Upgraded Russia's credit rating

• Removed Russia's credit rating

• Maintained Russia's credit rating

• Downgraded Russia's credit rating by one level

Which currency is highlighted in anticipation of the Bank of Japan meeting?

• The euro

• The yen

• The US dollar

• The British pound

What economic data is expected to be crucial for Japan?

• Unemployment rate

• Retail sales for September

• Inflation rate

• Manufacturing output