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Currency Trading - Russian Ruble Trouble

Filed under: Announcements, Internet, I Want My Free Site — Money Matters on Thursday, June 25th, 2009 at 3:47 am

The recent drop of over 20% on the Russian stock market has me thinking about Russia and what’s coming next for Russia in the coming months and quarters. The Russian Central Bank has been trying to help with the liquidity crises. They’ve been slashing interest rates in a big way. Of course, that’s also caused the ruble to drop dramatically in value. The recent economic data suggests some tough times ahead for Russia (even with oil climbing higher!)

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