Posted on 06/05/2022 7:01:44 AM PDT by JonPreston
"out of the ruble falling back from the highs it had recently made."
"to lower the ruble which had been soaring "
"they could not get the ruble as low as they desired."
"If and when that happens the ruble will likely decline again."
Anyone who had done serious currency trading would not phrase things like that.
"highs", "higher" or "low", "lower" meanings depend on the paring - USD-RUB, or RUB-USD
Terms "strengthen" or "weaken" are pairing neutral. "going lower" or going higher" is meaningless unless the pairing is referenced.
"going lower" is the ruble getting stronger when the pair is USD-RUB
"going higher" is it ruble getting stronger when the pair is RUB-USD.
A lot of these alternative shippers are getting shutdown.
June 1st - “The U.K. and EU have agreed a coordinated ban on insuring ships carrying Russian oil, shutting Moscow out of the vital Lloyd’s of London insurance market and sharply curbing its ability to export crude, according to British and European officials.”
I’m under the impression that Russia has won the war, mainly because the west seems to be in “finger pointing”, trying to place blame for losing.
A sample of the stuff I’m getting: https://www.youtube.com/watch?v=eW96CGedmVQ
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