SaxoTV

After the collapse - John Hardy picks through the rubble of the Ruble

624 views
December 17, 2014 dfx, fx, fx award, fx changes, fx crosses, fx dealing, fx eurgbp, fx eurjpy, fx exchange, fx forex, fx gbpusd, fx interbank markets, fx investing, fx market, fx markets, fx options, fx pound, fx regulation, fx saxo bank, fx spot, fx sterling dollar, fx strategy, fx trade, fx trade idea, fx traders, fx trades, fx trading, fx tradinging, fx trends, fx usdjpy, fx volatility, fx volatitily, fxallocationmodel, fxfx, fxmarkets, fxmonthly, fxoptions, fxspot, fxtrade, john j hardy, rub, rubeur, ruble, ruble crisis, ruble decline, ruble falls, rusd, russ, russell 2000, russia, russia bear, russia bonds, russia central bank, russia crisis, russia crude, russia default, russia economy, russia fundamentals, russia government, russia growth, russia investment, russia militray forex market, russia oil, russia politics, russia rates, russia risk, russia ruble, russia safe haven flows, russia sanctions, russia stocks, russia ukraine, russian, russian bear, russian bond yields, russian central bank, russian currency, russian economy, russian equities, russian federation, russian gas, russian government, russian outflows, russian politics, russian ruble, russian shares, russian stocks, saxo tv, tradingfloor.com, usd, usd index, usd jpy, usdaud, usdcad, usdchf, usdeur, usdgbp, usdjpy
The desperate move by the Russian central bank to save the Ruble appeared to be failing in the hours after rates were hiked to 17% overnight. USDRUB rose to record levels as Russians scrambled to get rid of their rubles in shops, Apple was forced to suspend sales. So what now? Are capital controls still just around the corner or can Russia avert full blown economic collapse?     

Head of FX Strategy John Hardy picks through the rubble left by the partial collapse of the Ruble and argues that the currency is now showing signs of stabilisation.