16.12.2014 - Which poorly performing currency will rise in 2015?
The Russian rouble is among the worst-performing currencies this year, shedding nearly 40 percent of its value against the U.S. dollar year to date. The recent slump in energy markets could signal more losses ahead, following central bank governor Elvira Nabiullina's decision last month to tie the rouble's fortunes to the price of oil. Fuel prices have been in a downtrend since June, losing nearly 50 percent of their value, on the back of a price war waged by OPEC (the Organization of Petroleum Exporting Countries) against the U.S. shale producers and as demand from China decreased amid slowing growth.............................................Full Article: Source
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