Day: December 5, 2008

December 5
2008

Russian Ruble Near 3-Year Low vs. Dollar

The Russian central bank widened the trading band for the ruble today as the Russia’s main exports — crude oil and metals continued to depreciate on the global markets. The Bank of Russia allowed the ruble to depreciate by 30 kopecks today at the beginning of the currency trading session. It was the fourth time since November 11 when the central bank allowed the ruble to decline against benchmark currency basket, which consists of 45% euro and 55% U.S. dollar. The Urals crude oil, which is Russia’s main export commodity, […]

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December 5
2008

Nonfarm Payrolls Fall Sharply, Dollar Little Changed

EUR/USD declined today before and after the important employment report. After showing almost no volatility during the Asian trading session, the currency pair declined past the yesterday’s open levels during the London trading session. After the nonfarm payrolls data was released, EUR/USD retreated slightly but the returned to the downward trend. The currency pair is trading near 1.2699 now. Nonfarm […]

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