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 ...
Lol.
Lot of people going to lose a bunch of dough.
“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.
Replacement of the petrodollar will relegate the US to Venezuela territory.
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.
The Venezuelan Bolivar may end up being worth more than the dollar at the end of this.
“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.
The BRIC nations are growing stronger with each day Biden is allowed to remain in office.
The trade war with Russia and China is a stupid thing. They have all the good stuff vs Wall Street vaporware.
We are witnessing the birth of Bretton Woods III — a new world (monetary) order - Credit Suisse
Sanctions? That went well..
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.
Nobody is going to walk away without damage, but Russia is positioned to get the least damage of all.
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.
Total failure, like everything else he has done.
The Ruble did not go up, the dollar went down.
Thanks to the rolling disaster of the Xi-O’Biden regime.
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?
Remember the Euro.
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.
You're right. Classic chess v checkers, with Putin playing against a potato.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.