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Why is the Russian Ruble booming, and could it be worth shorting ?
A friend sent me a message regarding a rather interesting investment opportunity the other day, which got me thinking: image You know, it’s a funny one. Russia invade Ukraine and the world into levels economic sanctions thick and fast. All hell breaks loose and the Ruble, understandably, plummets. There was even an economist on live TV toasting the end of the stock market: tweet It certainly seemed like the world was closing in on Russia’s native currency. But then, it rebounded. Why? The Ruble was down 40% at one point, trading at 139 Rubles per USD on March 7th. Three weeks later, it was back to 85 Rubles ... (full story)