๐ท๐บ 3 months of Ruble gains against USD erased in 5 days ๐
but also contextualize it with the overall increase in the US Dollar Index over the past 2 days
๐ hello, volatility
3 days ago the Russian Central Bank cut down the key interest rate by 200bp down to 18%
the only way from here is further down - and if you look at the Russian bond yields that's exactly what they're telling
but honestly you don't need advanced quant to reach this conclusion ๐