After five relatively stable years the Ruble is taking a hammering.
http://www.xe.com/currencycharts/?fr...to=USD&view=5Y
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After five relatively stable years the Ruble is taking a hammering.
http://www.xe.com/currencycharts/?fr...to=USD&view=5Y
These are not abnormal. We will see these types of currency crisis time to time at different part of this world due to so many factors and according to the situation. After euro, yen and rubal we may see fall in NZD and AUD next. In addition to USD some Asian emerging and frontier currencies also should go up or should stay strong in 2015 and 2016. Just like other assets currencies also have cycles.
My ideas are not a recommendation to either buy or sell any security, commodity or currency. Please do your own research prior to making any investment decisions.
http://www.reuters.com/article/2014/...0JV0L520141218
Russian ruble firms sharply as government pressures exporters
http://www.cnbc.com/id/102281291
Interesting article, worth a read
Lol, definitely quote of thd month.
You know that Putin is stocking up on gold in order to counteract the roubles fall eh? Guess what commodity is going to be beaten all to hell next?
There's nowhere Putin can hide. He'd better start think about what Gary Kasparov has to say...
http://reason.com/blog/2014/12/14/vi...an-garry-kaspa
It's a game of chess and Putins losing his bigger pieces AND being outmaneuvered into a CHECK situation.
After a brief fall back to 45 Roubles per USD, we are now back to 60 after Russian companies have finished buying up RUB for end of year purposes and a contraction in November of 0.5%. This is only the start.
Oil is still tanking as well. Lower we go after a brief respite!