Russia

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The Russian Ruble’s recent moves have hit the financial headlines, after wild swings, interest rate increases and market intervention. The value of the Ruble has moved dramatically this week, being deemed “untradeable” by some analysts. USDRUB trade to 80 Rubles to the US Dollar on Tuesday, currently the pair is trading around 62 Rubles to the USD. The rapid depreciation was meant to be curbed by a bold move by the central bank, a 650bps increase in interest rates, ho…

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On Monday as tensions seemed to escalate, with rumours of deadlines for a Ukrainian surrender of warships in the Crimean region. Investors sought safe havens for assets, the precious metal was bid, reaching multi-month highs trading up to $1350/oz, in the currency markets Swiss Franc and the Japanese Yen strengthened, with the Russian Ruble and Ukrainian Hryvnia reaching all-time lows. The Russian central bank intervened in the markets due to the weakening Ruble, and hiked interest rat…

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The Ukrainian people in Kiev have recently overthrown the countries elected leader of their ties with Europe. The country is circled from the North and East by Russia, with links to Europe in the West of the country. Historically there are strong Soviet ties, primarily in the East of the country and the Southern region of Crimea. The bloody clashes in Kiev have left the country in limbo with Pro Russian and Pro European elements pushing for different allegiance. The situation escalated…

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