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Commodities Briefing - Categorized | Currencies more

Ruble sees fresh record falls

Posted on 30 January 2009

From Cbonds.info: Yesterday was this month’s last day to pay taxes. Having completed this task, banks quickly lapsed back into their old ways, starting to purchase currencies.

It was only natural then for this to trigger the ruble’s new record decline against the basket of two currencies – the dollar and the euro – which appreciated from RUB 37.77 to RUB 38.75 in a single trading session on Wednesday, the RBC Daily newspaper reported….. Full Article: Source


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