| OldMcdonald - 2/27/2015 10:30
You're wrong if you think the Russian economy is destroyed... furthermore, a cheap ruble for them only makes their products even more desirable, especially if going forward, countries don't have to pay out the nose to buy dollars first, and can just trade straight into rubles. The USD's rise wasn't strictly related to the Russian ruble falling... it is much more related to the Yen and the EUro dropping vis a vis their QE programs.
I can tell you have not been to Russia recently. |
The Dollar: Credit to Paul Marks
