Daily Market Report
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The Russian Central bank devalued the ruble for a third time this week
Wed, Dec 24 2008, 13:40 GMT
by Wachovia Research Team
The Russian Central bank devalued the ruble for a third time this week. The ruble is at its weakest level relative to the U.S. dollar since January 2006.
The Korean Won was one of the best performing currencies this morning relative to the USD. It strengthened 3%, ending its two day slide against the dollar.
The South African rand has also performed well this morning as platinum, a commodity of which South Africa produces 80% of the worlds supply, recovered from its four day slide.
The Majors are trading within a relatively narrow band as the upcoming holiday's leads to low volatility and volume of trading.
Economic Releases Include: Personal Income, Personal Spending, Durable Goods Orders, Initial Jobless Claims.
Published on Wed, Dec 24 2008, 13:48 GMT
Archive
- Risk aversion was the main theme of yesterday's trading session
Published On Fri, Jul 3 2009, 12:25 GMT - The US dollar and the yen fell against most major currencies
Published On Thu, Jul 2 2009, 13:25 GMT - The US dollar strengthened against the euro and the pound yesterday
Published On Wed, Jul 1 2009, 12:25 GMT - Daily Market Report
Published On Tue, Jun 30 2009, 12:50 GMT - The Swiss franc ended the week lower against the euro
Published On Mon, Jun 29 2009, 13:56 GMT
Wachovia Corporation
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