I think we'll get a reprieve soon. There will likely be a raise in interest rates on October 31st and forex repo auctions will likely be launched next week. Longer-term though, unless oil goes back up, Ruble weakness will likely continue.
I've been trading in and out, slightly overall increased holdings, last short at 41.95; avg price now 40.8880. Will totally cut this short on a test of 40.
I've been trading in and out, slightly overall increased holdings, last short at 41.95; avg price now 40.8880. Will totally cut this short on a test of 40.