August 29, 2014
CURRENCY IS A FUTURE AND RUSSIA HAS NONE:
Ruble Hits New Low as Ukraine Tensions Rise (ANDREY OSTROUKH and CHIARA ALBANESE, Aug. 29, 2014, WSJ)
Posted by Orrin Judd at August 29, 2014 4:56 PMThe ruble eased to a low of 37.07 versus the dollar, losing around 0.7% on the day. That took the ruble below its previous record of 37 per dollar, which it hit on the first trading day of March after the West had threatened to punish Moscow for its annexation of Crimea.Analysts say the Russian unit could plumb new depths should the crisis in Ukraine escalate further as foreign players are the main sellers of the ruble.