Excerpt from: Forex News
|
 |
| November 11, 2008 | | Ruble to drop in currency trading | As one might expect, the Russian ruble is heading markedly lower in forex trading on the currency market today. This is due in large part by the fact that the Russian government is now in the process of devaluing the ruble.
There were indications last week that a devaluation of the Russian ruble was likely, but few forex analysts expected such swift action. But the process has begun, and weakness is expected for the Russian currency.
| Topic Tags: currency, currency market, currency trading, devalue ruble, forex analysts, forex trading, forex trading currency market, Russian ruble | |
|
|
