Tuesday, November 18, 2014

18/11/2014: Commodities-linked Currencies and Ruble

Good chart plotting side by side all commodities-linked currencies relative to USD (via @auaurelija) :

Above suggests that Ruble devaluations from September 1 to-date are somewhere around 3/10th part due to same effects that impact other major commodities producers. Given Russian energy exports exposure to European markets, the effect might be as large as 3/7th.

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