Russian Ruble Trading Strategy As AT January 30 (updated) ~ open forex trading account singapore
Russia has surprised traders with a cut to its main interest rate today, the Ruble has slid in trading. The central bank has reduced the rate to 15 percent, a drop of 2 per cent from the rate set recently at 17.
As a result the currency has dropped approximately 3 per cent in todays trading.
This chart shows the USDRUR currency pair and you can see that USD has advanced on the RUR.
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Over the weekend will be more news and discussion of the move by the central bank and next week will bring a further reaction.
Oil prices have firmed a bit today helping to support the Ruble.
More info for Russian Ruble Trading Strategy As AT January 30 (updated) ~ open forex trading account singapore:
Over the weekend will be more news and discussion of the move by the central bank and next week will bring a further reaction.
Oil prices have firmed a bit today helping to support the Ruble.
More info for Russian Ruble Trading Strategy As AT January 30 (updated) ~ open forex trading account singapore:
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