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To: goldstategop

I was looking to the charts and ruble is actually gaining against dollar at about .3% daily since Crimean takeover. As for today it might be about 1pm in Moscow and dollar has lost more than 1% since opening in the morning.


10 posted on 03/25/2014 1:48:21 AM PDT by wetphoenix
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To: wetphoenix

A little counterintuitive, but a lot of times a strengthening currency is bad news.
China intentionally weakens theirs, as kind of economic warfare.
Russia has massive trade surplus so strengthening currency is probably more bad news for them, at least for their exports.


11 posted on 03/25/2014 2:03:40 AM PDT by Mount Athos (A Giant luxury mega-mansion for Gore, a Government Green EcoShack made of poo for you)
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