The Trump victory is a more bullish catalyst for the US Dollar than the probable rate hike in December. His economic plan will add buoyancy to the US financial system. The Ruble will probably continue to trade in strong correlation to the US Dollar because it maintains a high benchmark rate. I anticipate when the Ruble moves up it won't get very far because liquidity has its' merits. On the other hand I anticipate when the Ruble moves down it won't get very far either because of the interest rate incentive.
For sure ! 2 months ago, you and I were a bit alone to believe RUB would appreciateOngoing downtrend in USD.RUB. It looks like we made a smart investment.![]()

Ongoing downtrend in USD.RUB. It looks like we made a smart investment.![]()
Be careful at pullbacks. Russia won't get out of budget problems with strong ruble while its perfect time for Russian Central Bank to gain back foreign reserves. They need it week right now and downside move is possible only during strong catalysts like oil gains.[/QUOTE/]
For sure ! 2 months ago, you and I were a bit alone to believe RUB would appreciate
Tradator, what do you think about Turkish Lira? Too early?
I would rather wait but potential is so high... Easily 30% in few months...
CM