Home » Posts tagged 'ruble' (Page 2)
Tag Archives: ruble
More To Ruble’s Collapse Than Meets The Eye
More To Ruble’s Collapse Than Meets The Eye. The ruble is dying, and fast. In what is now being dubbed ‘Black Monday’ the ruble’s value to the dollar dropped nearly 15 percent. Tuesday brought no respite and the ruble fell another 10 percent. The ruble’s collapse follows a similar – though by no means as […]
Russian Currency Crisis and Defaults Could Create Contagion in West – GoldCore United States
Russian Currency Crisis and Defaults Could Create Contagion in West – GoldCore United States. Russia’s currency market witnessed further huge volatility again today. The finance ministry said it would start selling foreign exchange which are primarily in dollars. This appeared to reduce selling pressure on the battered rouble. The fall of the rouble this year […]
Ruble crisis could shake Putin’s grip on power | Reuters
Ruble crisis could shake Putin’s grip on power | Reuters. (Reuters) – Russia failed to halt the collapse of the ruble on Tuesday, leaving President Vladimir Putin facing a full-blown currency crisis that could weaken his iron grip on power. A 6.5 percentage point interest rate rise to 17 percent overnight failed to prevent the currency hitting […]
A Full-Blown Economic Crisis Has Erupted In Russia
A Full-Blown Economic Crisis Has Erupted In Russia. The 8th largest economy on the entire planet is in a state of turmoil right now. The shocking collapse of the price of oil has hit a lot of countries really hard, but very few nations are as dependent on energy production as Russia is. Sales of […]
Western Banks Cut Off Liquidity To Russian Entities | Zero Hedge
Western Banks Cut Off Liquidity To Russian Entities | Zero Hedge. As Zero Hedge first reported today, shortly before noon one (and subsequently more) FX brokers advised clients that any existing Ruble positions would be forcibly closed out because “western banks have stopped pricing USDRUB“, over concerns of Russian capital controls. Ironically, it was this forced liquidation […]
Russia Prepares For GDP Surge As Consumers Scramble To Spend Their Plunging Rubles | Zero Hedge
Russia Prepares For GDP Surge As Consumers Scramble To Spend Their Plunging Rubles | Zero Hedge. In the most ironic twist of all amid the “currency crisis” enveloping Russia, we suspect the world’s central bankers will be looking on jealously as The CBR manages to achieve precisely what The BoJ and The Fed are desperate to […]
Turmoil Spreads: Ruble Replunges, Crude Craters, Yen Surges, Emerging Markets Tumbling | Zero Hedge
Turmoil Spreads: Ruble Replunges, Crude Craters, Yen Surges, Emerging Markets Tumbling | Zero Hedge. For those wondering if the CBR’s intervention in the Russian FX market with its shocking emergency rate hike to 17% overnight calmed things, the answer is yes… for about two minutes. The USDRUB indeed tumbled nearly 10% to 59 and then promptly blew right […]
Russia Shocks With Emergency Rate Hike, Boosts Interest Rate From 10.5% To 17%
Russia Shocks With Emergency Rate Hike, Boosts Interest Rate From 10.5% To 17% Following the biggest rout to the Ruble in ages, Russia – unlike Mario Draghi – instead of talking the talk decided to walk the bazooka walk and shocked all those long the USDRUB by unleashing an emergency rate hike (at 1 […]
Despite Surprise Rate-Hike, Russian Ruble Crashes Most In 6 Years | Zero Hedge
Despite Surprise Rate-Hike, Russian Ruble Crashes Most In 6 Years | Zero Hedge. Yesterday’s record-breaking surge in the Ruble appears, as we warned, to have been front-running today’s rate-hike announcement… and despite its surprise size, it is disappointing the market. The 5%-plus swing higher in the Ruble yesterday has been notably retraced as the Russian currency plunges […]
