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829 days ago • Posted by Ajmir Omid

Ruble victim of geopolitical tensions #USDRUB #Russia #Ukraine

The ruble is getting hit hard as negotiations between US and Russia seem to go nowhere. The Ruble is losing steam despite rising oil prices. Markets are pricing rising odds of near term economic sanctions that will further weaken the Russian economy. Recent sanction fears seem to have interrupted the great rally ruble enjoyed last year. Data from options traders indicate high level of bearishness.

#Forex
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