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USD/RUB hits another all-time high – could we see 90.00 next?

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 21, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    When most FX traders think of the implications of oil prices, they think of the impact on the Canadian dollar, or if they’re of a more Northern European persuasion, perhaps the Norwegian krone. Predictably, both of those currencies have been punished amidst the ongoing collapse in oil prices, but the Russian ruble has suffered the most grievous wounds. Russia’s currency fell to a new record low (since the currency was redenominated in 1998) this morning, when one US dollar could purchase more

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