USD/RUB continues extreme weakness as it looks to retest lowest level for the year


USDRUBWeekly

USD/RUB The phenomenal fall of the rubble has obviously been fundamentally driven by the the Geo-political crisis between Russia and Ukraine, and the consequent avalanche of sanctions imposed on Russia, causing the Rubble to loose so much value declining about 20% in 2014 so far. The rubble is likely to continue its fall in value as no clear settlement with the west over its disputes with Ukraine has been reached.

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