LONDON, Nov 6 (Reuters) – The rouble may have plunged 25
percent against the dollar so far this year, but some currency
traders are betting on a further 10 percent drop in 2015 on the
grounds that the currency is still expensive once trade and
inflation are factored in.
Russia’s currency is on course for its biggest weekly
loss since early 2009 after the central bank decided to cap
daily dollar sales at $350 million – and investors interpreted
that to mean it would not shore up the rouble.
LONDON (Reuters) – Oil’s sharp price decline is a boon for major oil-consuming nations at a time of renewed economic concerns while a headache for oil producers.
Yet its impact differs significantly country by country, determined to a large extent by foreign exchange policies.
LONDON, Oct 9 (Reuters) – Sanctions-hit Russia has lost
around a tenth of hard currency reserves so far this year in
dollar terms, bucking a generally rising trend across most
Developing economies that spent billions of dollars last
year to support their currencies are being forced to do so again
in recent weeks as the dollar rises on expectations of higher
U.S. interest rates from mid-2015.