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Day: December 26, 2008
December 262008
Russiaâs Ruble Hits New Bottoms
The Russian ruble declined to the new record low level against the euro and the 2-year low against the U.S. dollar today as the countrys central bank allowed further depreciation of the ruble to stimulate the exporters. The Bank of Russia allowed the national currency to devalue by about 1 percent against the euro-dollar benchmark basket for the 11th time since November 11 today. The ruble fell about 1.3 percent against the euro and 1.1 against the U.S. dollar. The total loss against the dollar is 24.6 percent since […]
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December 262008
HMS Markets Another Forex Broker from Luxembourg
HMS Markets is the second regulated Forex broker from Luxembourg that was added to the list on my site recently. Its a multi-market broker that offers not only Forex but also CFD, futures and stocks trading services. The platform is custom — HMS Trader 2. The spreads on the Forex currency pairs are variable — but usually higher than 2 pips. The mini-trading is available, but the commission […]
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