Update: Ruble Rubble

This is the news today from BI – the Russian  finance ministry is trying to prop up the Ruble  but  —

The currency’s volatility at the moment is severe. The ruble is currently up 3.81% against the dollar (today), after falling around 13% yesterday and 10% the day before. It’s dipping back below 65 rubles to the dollar, after approaching nearly 80 yesterday. It was barely above 50 rubles to the dollar at the start of December, and 33 to the dollar at the start of 2014

On the other side of the Atlantic, Obama announced support for  new sanctions against Russia that were passed by Congress.

So far, crude oil prices are holding below $60 per barrel after a brief pop yesterday.

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