Russian Ruble Crashes To New Record Lows – Intervention Imminent?
- Financial WW3 raging against Russia!
- Russian Ruble Crashes To New Record Lows – Intervention Imminent?
by Tyler Durden, www.zerohedge.com
Despite yesterday’s big bounce back in the price of oil, this morning’s weakness across the crude complex has rekindled selling pressure on the Russian Ruble as it crashes back to yesterday’s record lows against the USD.
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At around 54 Ruble to the USD, yesterday saw ‘alleged’ intervention by the Russian Central Bank with a dramatic reversal back to around 50 intraday… it appears the market wants to test the Central Bank’s free-float commitment once again.
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