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Ruthenium
May 23, 2022 5:25 AM

Strong as the dollar is the Ruble is gaining 

FX_IDC:USDRUB1W
U.S. DOLLAR / RUSSIAN RUBLEICE

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The sanctions have not undermined the Russian currency as one would have expected. I wonder if the rule induced default will have any effect on May 25. The ruble has pushed back into 2014 territory...and looks capable of hitting 48 to the dollar. ouch.

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Well as the dollar is starting to top again.....still the ruble may make 48
Trend AnalysisDXYrublecurrencystrength
Comments
lara100
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Stronger RUB ... fewer RUB / barrel of oil sold to Europe ... and the Kremlin needs those RUB for domestic reasons.

SO, strong RUB is nice propaganda but it is not helping the Kremlin ... which is why their price controls are being removed.
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