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Commodities Briefing - Categorized | Currencies more

Ruble misses resources party

Posted on 22 October 2010

From WSJ: In a world of soaring commodity currencies, Russia’s ruble stands out, hitting new lows even amid higher oil prices and renewed investor interest in emerging markets.
The ruble hit a new year low of 36.30 against a basket of dollars and euros Thursday, as government officials pointed toward a rising tide of imports and stagnant exports as a key cause of the currency’s recent slide………………………………………Full Article: Source


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