Quote:
Originally Posted by CyberSEO
Russian ruble doesn't depend on "investment climate". You should take a basic curse of economics. Oil and Gas are the only Gods in Russia.
You have mentioned "sanctions". Please explain how exactly they can affect ruble? Do you know that today ruble has strengthened (from 47+ to 44.8 for 1 USD). So what happened? Sanctions were lifted? Crimea was returned to the Ukraine? Maybe a negative investment climate turned into a positive one?  |
Im a market trader and a student of economics (self taught). Nothing moves either up or down in a straight line so you can always anticipate volatility. If you read my reply clearly, I was not disagreeing with what you said. I am simply pointing to a confluence of factors which CLEARLY together make an impact on the ruble because it affects the demand and supply dynamic.
I myself have many times pointed out that the current sanctions have little affect on Russia. Cutting off Visa/MasterCard or SWIFT would make a big difference, but not the current sanctions.
http://www.bloomberg.com/news/2014-1...o-growth.htmlp