USD/RUB refers to the US Dollar/ Russian ruble currency pair. RUB, the native currency of the Russian Federation, is the world’s second oldest circulating national currency, after the British pound. However, it has experienced a series of revaluations over the years, such as just prior to the 1992 fall of the USSR, and with the ruble redenomination six years later....
The ruble exchange rate correlates to global energy prices, since it is one of the world’s biggest oil and gas exporters. Russia is geographically huge. The country is double the size of the United States, with a wealth of natural resources. However, its heavy reliance on commodity exports means it has a lower Gross Domestic Product (GDP) than the US and even several much smaller EU economies. The exchange rate for the RUB has been severely impacted by economic factors and by geopolitics. The Russian annexation of Crimea in 2014, and then eight years later, the invasion of Ukraine in 2022, each led to international sanctions by the EU, the US, and other nations, targeting economic sectors ranging from trade and finance to energy and defence. Multiple global Western corporations also stopped doing business with Russia. The result of Russia’s fraught relations with the West, was high volatility and the rapid, severe depreciation of the ruble against other currencies.
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The US dollar has seen a little bit of strength, which makes a certain amount of sense considering that the global economy is a bit questionable at the moment.
The USD/RUB pair is trading near the 91.4800 ratio as of this writing with fluctuations persisting in a rather well known price range.
As of this writing the USD/RUB is near the 91.73800 mark with fluctuations being displayed at a rapid pace.
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The USD/RUB remains one of the more challenging currency pairs on the Forex market to trade.
Traders of the USD/RUB need to remain patient and wait for their wagers on the currency in a similar fashion that fishermen put their bait into the water and then let the day play out.
It's easy to see that initially, the ruble strengthened during the trading session on Tuesday, but the US dollar has recovered quite nicely.
Transparency remains an everlasting trial for retail traders’ intent on pursuing the USD/RUR.
The USD/RUB has traded lower incrementally since the first week of May when the 94.3400 level was challenged higher.
The USD/RUB is now challenging higher marks that were seen last Wednesday.
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The US dollar has rallied slightly during the early hours on Friday against the Russian ruble but continues to see a lot of noise overall.
Trading in the USD/RUB pair is the domain of experienced traders who understand risk management is essential to good outcomes.
The US dollar has fallen rather significantly over the last couple of days against the Russian ruble.
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Sign up to get the latest market updates and free signals directly to your inbox.The US dollar dropped to the downside during the trading session on Wednesday, as traders have ran away from the US dollar.
The USD/RUB is near the 88.8680 mark as of this writing, the currency pair however has flirted with the 88.5000 level a little while ago this morning.
The US dollar pulled back just a bit during the course of the trading session on Wednesday, as the 88 level was tested.