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The Russian ruble hits a new record low against the dollar today. The main reason is companies’ foreign debt.
The previous ruble low against the dollar was 38.93 and the new record is 39.15.
Another reason might be the crises with Ukraine or the prices of oil, which Russia exports a lot of, that dropped below $100 a barrel.
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The dollar is on its 11th weekly gain, rising against the yen but flat against the euro.
The dollar rose higher against the yen on Friday, on track for an 11th straight weekly gain that would extend the longest winning streak since 1971.
Other top stories:
Unemployment Claims Announcement
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The number of Americans filing new claims for unemployment benefits rose less than expected last week, suggesting an acceleration in job growth in September.
This kind of announcement is very good for the US market. You should expect the USD to rise as a result.
Other top stories today:
Unemployment Claims Announcement
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The Euro dropped yesterday below $1.27, the lowest it’s been for 22 months.
The reason is probably that investors expect that the European and US financial policy will head in opposite directions.
Other top stories today:
Unemployment Claims Announcement
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IPhone 6 PLUS – bends. – The stories and the rumors that are spread around using your IPHONE 6 PLUS in your front pocket can bend the aluminum frame of the IPhone. Get ready for massive panic as the investors will start pulling out and the stocks will start pluming. The history teaches us, bad products very bad stock.
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