The Russions are coming

News note from earlier today:

"Russia is set to make the Ruble fully convertible by July 1st and to that end, LavaFX announced last night at the ACI Russia International FX seminar that they will offer forex trading in the ruble."

Watch for the ruble coming to your favorite quote board

It is known that George Soros made a billion on the Cable, but it is little mentioned that he lost that much on the Ruble.

If the spread for the rubel will be as big as it is for USDPLN ($ versus Polish currency), I think I will pass. Last time I checked it was 30-40 pips.

Dane

LOL - u'll b buzy roun hear ifen u deside t2 b da spelin polease

I think Ruble is to appreciate
Oil prices affect Russia's external income much.
Inflation goes down and begins stabilization in National economy.
I think Ruble will become many traders favourite pair.

ROFLMAO Dude, don't make me read sutff like dat wen its 4am her on d wes coast. i bout busted a lung, and snorked my Pepsi.

He he that's good...!

Dane

so what? it easily makes 300-400 pips movements

they are coming and RUR to appreciate I think

Arent the chinese also in the process of comming on board, exiting opertunities to catch big pip movements like we only dream about, may finally become our reality

What about GBP? Moved about 500 pips in the last 36 hours - isn't that enough? and a much better spread than 40 pips too!

I will go short on rubel, just in case Bolsheviks take back the power in Russia.

LOL
RUR is unndervalued,
forecasts are positive, inflation went down (rate policy does not affect much), stock market is crazy right now, oil price rally will boost exports, china is forming RUR reserves, RUR will be attractive abroad as Russia is huge oil and gas exporter so oil and gas buyers can hedge owning RUR reserves.
I think demand on RUR will increase rapidly, but I doubt that central bank will intervene in market because central bank itself was not backing up the floating rate idea.
Despite inflation is down it is still high and over 10%, so one of the effective method to control inflation is exchange rate adjustment, thus strengthening RUR will make import cheaper (the most part of consumer goods are imported). This is one argument that central bank agreed government on this abmisious decision

wish you luck with RUR
Personally I am buying it if it appears on my platform soon
As Forex.com has Russian division I think they will introduce this pair soon

thanks