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Explained: The rouble crisis as USDRUB hits 60

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July 28, 2015 brent, central bank, commodities, content, crude, foreign exchange, forex, forex trading, fx, fx trading, gdp, government, hedge funds, history, inflation, markets, momentum, news, news video, oil, oil price, oil russia, prices, rouble, rouble crisis, rouble history, rouble ruble, rub, ruble, ruble commodities, ruble crisis, ruble dollar, rubusd, russia, russia central bank, russia economy, russia inflation, russian, russian budget, russian central bank, russian content, russian economy, russian federation, russian gdp, russian oil, russian ruble, saxo tv, trading, tradingfloor.com, usdrub, wheat, wti
There's a growing crisis for the rouble and it's only likely to get worse. That's according to Russia expert, Nadia Kazakova, who explains what's going on and why.
Leveraged money managers started building up short positions in the rouble earlier this month ahead of a major debt repayment peak in September. Nadia says there'll be continuous pressure on the currency over the coming weeks. It's already lost some twenty percent in the past couple of months. Low commodity prices aren't helping and she considers where USDRUB could go from here.