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Ruble Rout Accelerates as Russia's Central Bank Stands Aside(free fall?)
Reuters ^
| Nov. 06 2014
Posted on 11/06/2014 6:46:56 PM PST by TigerLikesRooster
Ruble Rout Accelerates as Russia's Central Bank Stands Aside
Reuters
Nov. 06 2014 18:15 Last edited 21:33
The Russian currency plunged almost 4 percent against the U.S. dollar Thursday amid relentless selling pressure after the Central Bank announced it was limiting market interventions to defend the ruble.
The ruble dropped to 46.7 versus the dollar early evening in Moscow, a historical low, while also falling below the mark of 58 to the euro for the first time ever.
The declines mean the ruble has fallen over 40 percent against the greenback since the start of the year.
(Excerpt) Read more at themoscowtimes.com ...
TOPICS: Business/Economy; Foreign Affairs; News/Current Events
KEYWORDS: currency; dollar; money; ruble; russia
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To: TigerLikesRooster; PAR35; AndyJackson; Thane_Banquo; nicksaunt; MadLibDisease; happygrl; ...
2
posted on
11/06/2014 6:47:29 PM PST
by
TigerLikesRooster
(The way to crush the bourgeois is to grind them between the millstones of taxation and inflation)
To: TigerLikesRooster
3
posted on
11/06/2014 6:49:14 PM PST
by
GeronL
(Vote for Conservatives not for Republicans)
To: TigerLikesRooster
That Poopin. What a genius.
4
posted on
11/06/2014 6:49:19 PM PST
by
DoughtyOne
(The mid-term elections were perfect for him. Now Obama can really lead from behind.)
To: TigerLikesRooster
5
posted on
11/06/2014 6:50:27 PM PST
by
FreeReign
To: GeronL
You would think the Russian public would sooner or later tire of this nimrod.
6
posted on
11/06/2014 6:52:06 PM PST
by
DoughtyOne
(The mid-term elections were perfect for him. Now Obama can really lead from behind.)
To: FreeReign
7
posted on
11/06/2014 6:52:30 PM PST
by
Toddsterpatriot
(Science is hard. Harder if you're stupid.)
To: FreeReign
What? No caption?
ROTF LMAO
Hilarious!
8
posted on
11/06/2014 6:53:03 PM PST
by
DoughtyOne
(The mid-term elections were perfect for him. Now Obama can really lead from behind.)
To: TigerLikesRooster
Wasn't the ruble recently touted as a 'settlement currency' for some international trades, to get rid of the dollar?
/johnny
To: TigerLikesRooster
I smell Merkel, Obummer screws everything up!
10
posted on
11/06/2014 6:58:54 PM PST
by
corbe
(mystified)
To: DoughtyOne
Your comment in post #4 would make an appropriate caption.
LOL.
To: FreeReign
It was funny wasn’t it. It needed no caption, and that’s the funny part.
I guess anyone not used to a hockey helmet could make that mistake, but it was funny to see him do that when the only reason for him to be out there would be public consumption that he was really a jock.
It kindof backfired if that footage was used.
12
posted on
11/06/2014 7:22:36 PM PST
by
DoughtyOne
(The mid-term elections were perfect for him. Now Obama can really lead from behind.)
To: FreeReign
Apparently in Russia they see things differently.
That said, given that the Ruble has lost 20% of its value in the last year and Brent crude oil is trading below $83 a barrel, it's Putin and his oligarch buddies who are getting spanked.
13
posted on
11/06/2014 7:32:20 PM PST
by
RKV
(He who has the guns makes the rules)
To: RKV
Both tyrants are getting spanked.
"Dear reader,
Due to the increasing number of users engaging in personal attacks, spam, trolling and abusive comments, we are no longer able to host our forum as a site for constructive and intelligent debate.
It is with regret, therefore, that we have found ourselves forced to suspend the commenting function on our articles.
The Moscow Times remains committed to the principle of public debate and hopes to welcome you to a new, constructive forum in the future.
Regards,
The Moscow Times LOL - White House staffers must have been commenting.
15
posted on
11/06/2014 7:41:57 PM PST
by
Enterprise
("Those who can make you believe absurdities can make you commit atrocities." Voltaire)
To: TigerLikesRooster
Wonder what happens when the central bank or whoever, gets tired of propping up the dollar.
16
posted on
11/06/2014 7:48:09 PM PST
by
stevio
(God, guns, guts.)
To: stevio
17
posted on
11/06/2014 7:51:56 PM PST
by
TigerLikesRooster
(The way to crush the bourgeois is to grind them between the millstones of taxation and inflation)
To: TigerLikesRooster
Not long ago, Russia needed an oil price of about $101 per barrel to break even.
18
posted on
11/06/2014 8:10:18 PM PST
by
familyop
(We Baby Boomers are croaking in an avalanche of corruption smelled around the planet.)
To: familyop
First Shale oil drove oil price down, followed by Saudi’s lowering the oil price. Now oil price is in 70’s (in dollars.) Russia is in deep financial trouble.
19
posted on
11/06/2014 8:14:46 PM PST
by
TigerLikesRooster
(The way to crush the bourgeois is to grind them between the millstones of taxation and inflation)
To: TigerLikesRooster
Personally getting tired of these bankers running our life’s.
20
posted on
11/07/2014 5:25:34 PM PST
by
stevio
(God, guns, guts.)
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