Menu

Search

  |   Commentary
Become a contributor

Menu

  |   Commentary

Search

Canadian inflation continues to ease, moving closer to the Bank of Canada's target

Bank of Korea likely to keep key interest rate on hold at 0.50 pct in November

Canada's economy shows growth in July, but growth stalled in

U.S. existing home sales rise above expectations in October

U.S. House prices increase slightly in July

Swedish economic sentiment indicator rises in November

Best Gold Stocks to Buy Now: AABB, GOLD, GDX

Germany's unemployment exceeds expectations in September

Canadian employment likely declined in November, jobless rate to have risen to 9 pct

United States building permits

FxWirePro: Daily Commodity Tracker - 21st March, 2022

Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed

Swiss franc likely to gradually depreciate against euro in coming months

Taiwanese money supply continues to see strong growth, CBC likely to keep rates on hold in December

U.S. existing home sales decline in August

U.S. Q3 economic growth unrevised in second estimate

Reserve Bank of India likely to stand pat in December

USD/RUB and oil prices display remarkable correlation

Tuesday, December 8, 2015 9:20 AM UTC

Related Stories

CBR had adopted free float this year, and since then USD/RUB and oil prices dispaly remarkable correlation, which is not surprising. Energy products make up a huge share in Russian exports.

The slippage in oil prices are undoubtedly a bad news for the rouble.

Last few days events gave markets further reasons to sell oil.

  • OPEC  refrained from cutting the production levels
     
  • ECB disappointed the market expectations on QE 
     
  • Fed to begin the rate hiking cycle imminently.

"Imagine a situation in which oil prices plunge below 30 USD per barrel and we can easily see a situation in which USD-RUB trades at levels materially above current levels. Stay long USD-RUB", says Commerzbank in a research note.

Editor's Picks

Breathing through your nose when you exercise may make your runs easier

Entrepreneurs are facing a mental health crisis — here's how to help them

Are fish oil supplements as healthy as we think? And is eating fish better?

Will AI kill our creativity? It could – if we don’t start to value and protect the traits that make us human

Does AI have a right to free speech? Only if it supports our right to free thought

How can I lower my cholesterol? Do supplements work? How about psyllium or probiotics?

Why we need to set limits on sperm donation

Aging with a healthy brain: How lifestyle changes could help prevent up to 40% of dementia cases

Seven techniques to avoid weight regain, approved by experts
  • Market Data
Market Data by TradingView
Financial Markets by TradingView
Most Popular
1

FxWirePro- Major Crypto levels and bias summary

2

Cuba Reaffirms Anti-Drug Cooperation as Tensions Rise in the Caribbean

3

FxWirePro: USD/ZAR outlook weaker on renewed downside pressure

4

IKEA Expands U.S. Manufacturing Amid Rising Tariffs and Supply Chain Strategy Shift

5

Drones Spotted Near Zelenskiy’s Flight Path in Ireland Trigger Security Alert

6

FxWirePro- Major Pair levels and bias summary

7

FxWirePro: EUR/AUD set To for bigger drop, but close below key fibo needed

8

FxWirePro: USD/CAD downside pressure builds, key support level in focus

9

FxWirePro: EUR/NZD neutral in the near-term, scope for downward resumption

10

FxWirePro: GBP/NZD edges higher but bearish outlook persists

EconoTimes
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.