Russian rouble detached from Brent in December

UKOIL*USDRUBFXCM

Description

⋅ Dec 20, 2015 1:40 AM

This chart shows the price of Brent oil in RUB. Now, the thing is Russian government needs it around 3200 RUB per barrel to balance the budget. So, shorting Russian currency when UKOIL*USDRUB<3200 used to be a reliable trade since 2011.

Not so anymore...

USDRUB