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What is the oldest currency in the world?
The British pound has been used as England’s central currency for over a thousand years. Read about its evolution from a coin literally weighing one pound to the banknotes common today. We also rank the next three oldest major currencies: the yen, ruble and dollar.
Weekly COT Report: Traders abandon the ruble, flock to gold and silver
Traders continued to pile into long bets on gold and silver last week, whilst offshore ruble speculators seemingly ran for cover.
European Open: The Russian ruble turns to rubble, CBR hike rates to 20 pct
The Russian ruble was clobbered at the market open, with futures falling nearly -35% overnight.
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Asian Open: Wall Street continues to slide, Rouble nears 2-year low
It was a sea of red for US indices overnight, with the Dow Jones entering a technical correction and all three major benchmarks hitting multi-month lows.
Russia: Let’s get ready to rouble
With an invasion of Ukraine seemingly underway, the Russian rouble is arguably Russia's first casualty.
USD/RUB halts at resistance
The USD/RUB may be on its way to its technical targets
US Presidential Election: Potential Market Impacts
After 1) a first presidential debate in which Hillary Clinton was seen to have secured a major win over Donald Trump, 2) a vice-presidential debate where the Republican ticket gained back some ground with its supporters, 3) a scandalous revelation regarding a lewd tape of Trump’s self-professed “locker room talk” years ago, 4) a second presidential debate with mixed results for both Clinton and Trump, 5) a withdrawal of support for Trump by some prominent Republicans like House Speaker Paul Ryan, and 6) a release of additional hacked Clinton emails that could further damage the Democratic ticket, Clinton appears by most accounts to be leading the race with an increasingly wider margin.
USD/RUB hits another all-time high – could we see 90.00 next?
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.
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