The n rubles adds more than 3% to the dollar, trading around 100 on news that "so-called unfriendly countries" will have to pay for gas in rubles. Impulsively (as the n currency market remains extremely illiquid), the USDRUB dropped below 95. This is indeed positive news for the n currency as it increases demand. But […]
The post Gas for Rubles: Direct and Indirect Consequences appeared first on Action Forex.