Central Bank of Russia Denies Return to USD Payments

Just like I argued yesterday, claims by Bloomberg and other financial media suggesting that Russia is to return to USD settlement were misguided/wrong.

Not only those claims lacked factual basis, but also didn't make sense in terms of a macro picture.

Remember: just because a large-following news source claims something, it doesn't make it true. And do not discount for the existence of coordinated campaigns with ulterior motives. It doesn't have to be necessarily market manipulation -- just the engagement on its own can be a strong motivator.