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Russia tries to stem panic over the plummeting ruble

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On 12/4/2024 at 8:13 PM, reader said:

the ruble was trading at 110 against the dollar on Thursday morning

It is 81.5 now...

+30% in 4 months on pair RUR/USD

image.png.8848fb987b00c9a3d355d1672a832091.png

3 hours ago, floridarob said:

Because their long term investment is finally paying off.... part owner of USA now.

No. Because here are cycles. RUR is weak at middle summer and New Year time - exporters paying taxes and sell USD at that time. RUR will be weak in July again and that time will be my selling USD time, now I buy USD.

8 hours ago, Moses said:

No. Because here are cycles. RUR is weak at middle summer and New Year time - exporters paying taxes and sell USD at that time. RUR will be weak in July again and that time will be my selling USD time, now I buy USD.

Nope...

 

My reply is 1 million % correct.... ask AI 

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