Putin says Russians rouble will rise again

Posted by Forexsq 2 hours 27 minutes ago (http://uk.reuters.com)
img President Vladimir Putin assured Russians on Thursday that the economy would rebound after the rouble's dramatic slide this year but offered no remedy for a deepening financial crisis.

Defiant and confident at a three-hour news conference, Putin blamed the economic problems on external factors and said the crisis over Ukraine was caused by the West, which he accused of building a "virtual" Ber

Forex - Dollar bounces back from lows as investors await Fed - Currency News

Posted by Forexsq 1 day 8 hours ago (http://www.reuters.com)
img The dollar forex currency edged up on Wednesday, a day after falling amid a flight to safety as a Russian currency crisis took hold and as speculation grew that the Federal Reserve might take a more cautious tone on monetary policy.

The ruble's collapse - 50 percent so far this year - slowed slightly as Russia's finance ministry said it had started selling foreign currency while Brent crude, w

Fx - Dollar Climbs From 4-Week Low Before Fed; Ruble Snaps Seven Day Drop - Forex Trading News

Posted by Forexsq 1 day 9 hours ago (http://www.bloomberg.com)
img The dollar forex currency advanced from the weakest level in four weeks against the yen amid speculation Federal Reserve policy makers will remove their pledge to keep borrowing costs low for a considerable period in their statement today.

Russia’s ruble forex currency snapped a seven-day drop as the finance ministry said it was selling reserves to counter a plunge that sent the currency to th

Putin may have to step back in Ukraine to stem crisis

Posted by Forexsq 1 day 10 hours ago (http://www.marketwatch.com)
img Vladimir Putin has little choice but to withdraw from eastern Ukraine in order to stem the financial crisis that is spinning out of control in his country.

Western sanctions, the drop in oil prices, and crony capitalism in Russia have combined to create a “perfect storm” in Russian financial markets.

Dramatic efforts by the Russian central bank to stop the falling ruble have so far failed.

Russia Tries Emergency Steps for 2nd Day to Stem Ruble Rout - Forex Trading News

Posted by Forexsq 1 day 9 hours ago (http://www.bloomberg.com)
img Russia struggled for a second straight day to reverse a rout in the ruble forex currency with emergency measures, narrowing President Vladimir Putin’s options in confronting the country’s deepest financial crisis since 1998.

The ruble erased a rally of as much as 8.4 percent, leaving it little changed, after the Finance Ministry announced that it bought the currency. Just yesterday, the curre

Rate Guidance and Inflation Outlook Dominate Fed Agenda - Foreign Exchange News

Posted by Forexsq 1 day 9 hours ago (http://www.bloomberg.com)
img Here’s what to look for when the Federal Open Market Committee releases its policy statement along with quarterly economic projections at 2 p.m. today in Washington, and Federal Reserve Chair Janet Yellen holds a press conference at 2:30 p.m.

-- Forward guidance: The Federal Reserve will drop its vow to keep interest rates low for a “considerable time,” even as Russia’s economic crisis roils m

Now it’s the Fed’s turn to pour grease on the market fire - Forex Trading News

Posted by Forexsq 1 day 10 hours ago (http://www.marketwatch.com)
img Forex Traders have spent much of 2014 kvetching about a lack of volatility in the market. Well, kvetch no more. After a November snooze that saw major indexes barely budge for weeks on end, markets have suddenly become as volatile as a blotto Mel Gibson at a bar mitzvah.

What a difference a month — and an epic crude collapse — make.

“We have been floating with no volatility on the wings of

Rouble strengthens as Finance Ministry starts selling Foreign Exchange - Currency News

Posted by Forexsq 1 day 13 hours ago (http://www.reuters.com)
img The Russian rouble forex currency strengthened sharply on Wednesday in volatile trade after the Finance Ministry said it had started selling foreign currency from its leftover stock.

The Russian currency has come under heavy selling pressure this week, forcing the central bank to hike its key interest rate by an unexpected 650 basis points, in an emergency move that did little to buttress the

Ruble crisis could shake Putin's grip on power - Forex Currency News

Posted by Forexsq 1 day 12 hours ago (http://www.reuters.com)
img Russia failed to halt the collapse of the ruble forex currency on Tuesday, leaving President Vladimir Putin facing a full-blown currency crisis that could weaken his iron grip on power.

A 6.5 percentage point interest rate rise to 17 percent overnight failed to prevent the currency hitting record lows in a "perfect storm" of low oil prices, looming recession and Western sanctions over the Ukra

Russian rouble dives despite shock rate rise to 17% - Forex Currency Trading News

Posted by Forexsq 2 days ago (http://www.bbc.com)
img Russia's rouble forex currency has slipped back near its all-time low despite a dramatic interest rate rise by its central bank.

It increased rates to 17% from 10.5% in an attempt to boost the currency's value against the dollar.

The rouble has lost almost 50% against the US dollar this year as falling oil prices and Western sanctions continue to weigh on the country's economy.

On Monday

Russian Rate Hike Fails to Stop the Ruble's Crash - Forex Currency News

Posted by Forexsq 2 days ago (http://www.bloomberg.com)
img The ruble forex currency plunged to 80 a dollar for the first time as investors speculated Russia will announce capital controls after the largest interest-rate increase in 16 years failed to revive confidence in the currency.

The ruble sank as much as 19 percent to 80.10, before trading at 78 at 3:14 p.m. in Moscow. That was the biggest drop since 1998, the year Russia defaulted on its local

Russia heading for crash as ruble plummets - Forex Currency News

Posted by Forexsq 2 days ago (http://money.cnn.com)
img Russia's economy is crashing and its currency appears to be in free fall.

The ruble forex currency plunged by about 12% Monday, meaning it's lost nearly 50% against the dollar this year. Early Tuesday in Russia, the central bank hiked its key interest rate for a sixth time this year to 17% from 10.5%.

A double-whammy of collapsing oil prices and Western sanctions is driving up inflation. Ca

Forex - Ruble Tumbles Most Since 1998 as Traders Pressure Central Bank - Currency News

Posted by Forexsq 3 days ago (http://www.bloomberg.com)
img The ruble forex currency tumbled the most since 1998, sliding past 60 for the first time, as traders tested Russia’s willingness to defend the currency amid an oil slump that’s pushing the economy toward recession. currency news

The ruble weakened 9.1 percent to 64.0005 per dollar at 7:57 p.m. in Moscow, the steepest slide on a closing basis since the year Russia defaulted on local-currency de

Ruble jumps on Russia rate hike, oil pressured - Foreign Exchange News

Posted by Forexsq 2 days ago (http://www.reuters.com)
img Sliding oil prices and a downbeat China factory survey weighed on Asian shares on Tuesday, while the ruble jumped against the dollar after Russia sharply increased its benchmark interest rate in a bid to halt a collapse in its currency.

Activity in China's factory sector shrank in December for the first time in seven months as new orders declined, adding to a spate of data showing more fatigue

Don’t miss these key events in Europe this week - Forex Trading News

Posted by Forexsq 3 days ago (http://www.marketwatch.com)
img For Forex traders watching the political and economic highlights in Europe this week, there will be little time for Christmas shopping.

The lineup is stuffed with the closely watched Greek presidential vote (will it trigger snap elections?), flash PMIs (is the eurozone improving from a 16-month low?), U.K. stress tests (did all major banks pass?) and updates on Germany sentiment (are businesse

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