217964 Resource 128460 120646 120646 1226408900155 1226408900155 Controlled Russia Begins to Devalue the Ruble

Ruble to drop in currency trading

<font size="2"><span style="font-family: verdana,arial,helvetica,sans-serif;">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 <a href="http://www.fxstreet.com/fundamental/analysis-reports/flash-comment/2008-11-11.v02.html" target="_blank" title="Russian ruble, devalue ruble, forex trading, currency market, currency trading, forex trading currency market, forex analysts, currency">Russian government is now in the process of devaluing the ruble</a>.</span><br style="font-family: verdana,arial,helvetica,sans-serif;" /><br style="font-family: verdana,arial,helvetica,sans-serif;" /><span style="font-family: verdana,arial,helvetica,sans-serif;">There were <a href="item/217766" target="_blank" title="Russian ruble, devalue ruble, forex trading, currency market, currency trading, forex trading currency market, forex analysts, currency">indications last week</a> 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.</span></font><br /> 9 application/xml false currency currency market currency trading devalue ruble forex analysts forex trading forex trading currency market Russian ruble Forex trading on the currency market http://www.gftforex.com/land/index.asp?aid=446 Mozilla/5.0 (Macintosh; U; Intel Mac OS X 10.5; en-US; rv:1.9.0.3) Gecko/2008092414 Firefox/3.0.3 127.0.0.1 127.0.0.1 mmarquit 66.182.71.19 false true false false true 128460 blog blogsite/GFTForex/web