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USD/RUB Analysis Today 28/11: Market Volatility (Chart)
(MENAFN- Daily Forex)
- The USD/RUB is trading near the 110.1900 ratio with swift fluctuations being displayed.
- Since the election of U.S President-elect Trump the Russian Ruble has lost almost 13% of its value.
- The volatility being displayed in the USD/RUB could be said to simply be correlating to the nervous broad Forex market, but the move has been too big compared to other currency pairs.
- The move higher in the USD/RUB is not a welcomed situation for Russia.
- Perhaps someone has evidence that could suggests the Russian Ruble has lost some ground due to internal concerns regarding large trading partners because economic policies on nations such as China and Iran could impact Russia, but that is conjecture.
- Traders of the USD/RUB as always are encouraged to find out as much as they can and not bet on the currency pair blindly.
- Strict risk management is needed and the volatility from the past few weeks may not be over yet.

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