HomeForex UpdatesGas for Rubles: Direct and Indirect Consequences

Gas for Rubles: Direct and Indirect Consequences

The Russian rubles adds more than 3% to the dollar, trading around 100 on news that “so-called unfriendly countries” will have to pay for gas in rubles. Impulsively (as the Russian currency market remains extremely illiquid), the USDRUB dropped below 95. This is indeed positive news for the Russian currency as it increases demand. But […]

The post Gas for Rubles: Direct and Indirect Consequences appeared first on Action Forex.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

seven + 9 =

Most Popular