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Russian Ruble rises for 3rd consecutive day...30% value recovery against US dollar.....seems ruble/oil price link has been broken

 
Uncle Fuck Stick
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12/23/2014 06:55 AM
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Russian Ruble rises for 3rd consecutive day...30% value recovery against US dollar.....seems ruble/oil price link has been broken
[link to rt.com]
The Russian ruble has continued to strengthen Tuesday, having recovered about 30 percent to 55 against the US dollar from the bottom it struck a week ago on so-called ‘Black Tuesday’.

The Russian ruble suffered a ‘perfect storm’ last week, and is improving for the third consecutive trading session on the Moscow Exchange Tuesday.

READ MORE: Ruble crisis may spell financial disaster for Europe

This coincides with rising oil prices, with the Brent benchmark trading above $60 a barrel after it hit its lowest level since 2009 last week too.

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:4hlick:
Anonymous Coward
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12/23/2014 07:03 AM
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Re: Russian Ruble rises for 3rd consecutive day...30% value recovery against US dollar.....seems ruble/oil price link has been broken
Well that is good, the last thing anyone wants is to see Russia broken, who knows who will end up taking over..
The Årtist

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12/23/2014 07:30 AM
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Re: Russian Ruble rises for 3rd consecutive day...30% value recovery against US dollar.....seems ruble/oil price link has been broken
And to think one could have made 30% profit in a week's time.
RAGE
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12/23/2014 07:41 AM
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Re: Russian Ruble rises for 3rd consecutive day...30% value recovery against US dollar.....seems ruble/oil price link has been broken
Dollar crash! Aggggggghhhhhhhhhhhhhh!!!!!!!!!!!

:money:ahhh
Anonymous Coward
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12/23/2014 07:53 AM
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Re: Russian Ruble rises for 3rd consecutive day...30% value recovery against US dollar.....seems ruble/oil price link has been broken
Wonder if/when they will reduce the central bank interest rate accordingly.





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