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Ruble becomes best-performing currency in March; soars to 83 to the dollar
Business Standard ^ | 3/29/22 | Krishna Kant

Posted on 03/30/2022 8:03:16 AM PDT by JonPreston

The ruble appreciated to 83 to the dollar intraday on Tuesday against a record low of 139 on March 7.

The ruble has recouped most of its losses and become the top-performing currency globally. It continues to gain and is up 60 per cent against the US dollar from its lows in the first week of March.

The ruble appreciated to 83 to the dollar intraday on Tuesday against a record low of 139 on March 7. Thanks to the recent rally, the ruble is only about 10 per cent lower than what it was before the Russian invasion of Ukraine on February 24. The ruble was trading at around 76 before the invasion, according to the data from Bloomberg.

(Excerpt) Read more at business-standard.com ...


TOPICS: News/Current Events
KEYWORDS: 1everyonehasaplan; 2tilltheygetasked; 3topayinrubles; acanceltoofar; bigrubleinlittleruss; cancellingrussia; payupsuckers; rgiow; roubles; ruble; rubles; russiagoingitsownway; soars; theusualsuspects; ukrainicorns
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Biden, and his Neocon supporters, inserted America in a regional struggle with a weaponization of money and the American middle class will now pay the bill.


1 posted on 03/30/2022 8:03:16 AM PDT by JonPreston
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To: JonPreston

Lol.

Lot of people going to lose a bunch of dough.


2 posted on 03/30/2022 8:04:51 AM PDT by ifinnegan (Democrats kill babies and harvest their organs to sell)
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To: JonPreston

“We are witnessing the birth of Bretton Woods III — a new world (monetary) order centred around commodity-based currencies in the East that will likely weaken the Eurodollar system and also contribute to inflationary forces in the West,” he wrote in a report in the first week of March.


3 posted on 03/30/2022 8:06:37 AM PDT by PeterPrinciple (Thinking Caps are no longer being issued but there must be a warehouse full of them somewhere.)
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To: JonPreston

Replacement of the petrodollar will relegate the US to Venezuela territory.


4 posted on 03/30/2022 8:06:41 AM PDT by E. Pluribus Unum (Depopulate the depopulationists. --FJB)
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To: JonPreston

The Rouble and Yuan are the two top performers. Rupees aren’t doing too bad either. Even the Boliviar has made improvements. Meanwhile the Dollar, Pound amd Euro have taken hits.


5 posted on 03/30/2022 8:09:59 AM PDT by Thunder90 (All posts soley represent my own opinion.)
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To: E. Pluribus Unum

The Venezuelan Bolivar may end up being worth more than the dollar at the end of this.


6 posted on 03/30/2022 8:10:46 AM PDT by Thunder90 (All posts soley represent my own opinion.)
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To: JonPreston

“The ruble was trading at around 76 before the invasion, according to the data from Bloomberg.”

Now 77 on Forex in London. Was as high as 64 intraday today.


7 posted on 03/30/2022 8:10:54 AM PDT by NorseViking
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To: Thunder90
The Rouble and Yuan are the two top performers. Rupees aren’t doing too bad either

The BRIC nations are growing stronger with each day Biden is allowed to remain in office.

8 posted on 03/30/2022 8:11:23 AM PDT by JonPreston (Q: Never have so many, been so wrong, so often)
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To: Thunder90

The trade war with Russia and China is a stupid thing. They have all the good stuff vs Wall Street vaporware.


9 posted on 03/30/2022 8:12:41 AM PDT by NorseViking
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To: PeterPrinciple

We are witnessing the birth of Bretton Woods III — a new world (monetary) order - Credit Suisse


10 posted on 03/30/2022 8:15:00 AM PDT by JonPreston (Q: Never have so many, been so wrong, so often)
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To: JonPreston

Sanctions? That went well..


11 posted on 03/30/2022 8:16:24 AM PDT by shadowlands1960 ("...some day you will be old enough to start reading fairy tales again... " CSL)
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To: NorseViking

Its 85 right now in London.

This thing evidently bounces around like bitcoin. LOL.

I am no forex trader but I don’t think this gain is going to hold. The sanctions really haven’t hit yet—in a big way. And the oil for rubles thing doesn’t seem to be happening in Europe.

This changes on an hourly basis these days.

Russia is NOT going to walk away from this without significant long term damage to their economy.


12 posted on 03/30/2022 8:16:28 AM PDT by Vermont Lt
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To: Vermont Lt

Nobody is going to walk away without damage, but Russia is positioned to get the least damage of all.


13 posted on 03/30/2022 8:17:50 AM PDT by NorseViking
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To: JonPreston
And, Russia hasn't even begun to retaliate.

All this idiocy has done is to continue to accelerate our inflation rate. Of course, that may have been the plan, a way to implement the Great Reset.

14 posted on 03/30/2022 8:18:01 AM PDT by Kazan
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To: shadowlands1960

Total failure, like everything else he has done.


15 posted on 03/30/2022 8:18:39 AM PDT by JonPreston (Q: Never have so many, been so wrong, so often)
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To: JonPreston

The Ruble did not go up, the dollar went down.

Thanks to the rolling disaster of the Xi-O’Biden regime.


16 posted on 03/30/2022 8:19:02 AM PDT by Texas Fossil ((Texas is not where you were born, but a Free State of Heart, Mind & Attitude!))
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To: JonPreston

Where does one buy 200 rubles for one USD that Biden promised?

It may be a good time to invest before he runs out... or did he lie again?


17 posted on 03/30/2022 8:19:12 AM PDT by mvonfr
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To: JonPreston

Remember the Euro.


18 posted on 03/30/2022 8:19:37 AM PDT by Sacajaweau ( )
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To: JonPreston

The ruble is just stabilizing back to a range it was in a year and more ago, after an initial deflation at the start of the invasion of Ukraine. At 84 it is nearer the range it was exchanged at for the past few years.


19 posted on 03/30/2022 8:20:18 AM PDT by Wuli
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To: Kazan
And, Russia hasn't even begun to retaliate.

You're right. Classic chess v checkers, with Putin playing against a potato.

20 posted on 03/30/2022 8:20:20 AM PDT by JonPreston (Q: Never have so many, been so wrong, so often)
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