Wednesday, April 15, 2015

15/4/15: Ruble Trades Below 50 to USD

Russian Ruble has crossed an important marker today, closing below 50 to USD for the first time since the end (28th to be precise) of November, effectively erasing all of the losses sustained during the speculative run of December 2014.

There has been more volatility in euro markets, so a bit less of an event today there:

Longer-term chart shows Ruble dramatic gains in both Euro and Dollar terms from around February

As I said before, these gains can prove to be temporary, so stay long with care, if you are long...

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