Russia, the ruble and oil interlocked as historic drop continues… LeapRate

Russia, the ruble and oil interlocked as historic drop continues...

HISTORIC drop continues as the ruble fell over 4% against the dollar on Tuesday, its biggest daily decline since 1998, after government forecasts projected a recession and a weak rouble in 2015. Also, Russian Finance Minister gives clues on oil's next potential target.

September 29, 2014 BY Mike Fox

Yuan to start direct trading with Euro as China pushes usage

China will start direct trading between the yuan and the euro as soon as tomorrow as the world’s second- largest economy seeks to spur global use of its currency. The move will lower transaction costs and so make yuan and euros more attractive to conduct bilateral trade and investment, the People’s Bank of China said…

Tag: EUR/CNY

Russia, the ruble and oil interlocked as historic drop continues...

Yuan to start direct trading with Euro as China pushes usage

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