USDRUB

The USD/RUB combination links two of the largest and most affluent economies in the world: the United States and Russia. The performance of the pair is heavily dependent upon the correlation between the two economies, yet this pair is erratic, volatile and hard to predict. Largely unsuited to the inexperienced trader, USD/RUB can nonetheless offer the opportunity for substantial profits when placed in the hands of an experienced investor.

The monetary policy of the Russian Central Bank and the US Federal Reserve System strongly influences the pair. Raising the key rate in Russia leads to a decline in the US currency. In turn, raising the US government rates leads to the strengthening of the US dollar against other banknotes, including the ruble.

Indirectly, but the USD/RUB rate also depends on the euro, because if the European currency falls, then the dollar strengthens, and not only against the euro but also against other currencies, including the ruble.

If you are interested in trading the USD/RUB currency pair, contact FxPro today and open trading account in several minutes to test your trading strategy.