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 Rouble crashes 30% as market opens

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Rouble crashes 30% as market opens Vide
PostSubject: Rouble crashes 30% as market opens   Rouble crashes 30% as market opens Icon_minitimeSun Feb 27, 2022 9:58 pm
The rouble plunged nearly 30% to an all-time low versus the US dollar on Monday as markets openbed for trading on the first day after western nations announced punishing economic sanctions on Russia for its invasion of Ukraine.

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The rouble dropped to as low as 119 per dollar, and was last down 28.77% at 118 from its closing price 83.64 on Friday.

The sanctions include blocking some Russian banks from the Swift international payments system, leading investors to anticipate a run on the Russian currency as people try to change their money for dollars and other denominations.

“The escalating crisis in Ukraine will force markets to price in a substantially higher geopolitical risk premium,” strategists at the Australian bank Westpac said on Monday. “The Ukrainian situation is volatile.”

.https://www.theguardian.com/world/live/2022/feb/27/russia-ukraine-latest-news-missile-strikes-on-oil-facilities-reported-as-some-russian-banks-cut-off-from-swift-system-live

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Rouble crashes 30% as market opens Vide
PostSubject: Re: Rouble crashes 30% as market opens   Rouble crashes 30% as market opens Icon_minitimeSun Feb 27, 2022 10:05 pm
Rouble crashes 30% as market opens DEbhLlG
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