- Tumbling oil prices have further threatened to damage the already fragile economic state of the world’s largest energy exporter. Russia’s currency lost 4%, leaving it standing at 65.79 per dollar. The recent sell off of roubles has gathered momentum due to the continuing crude oil crises. Some forecasters are predicted we could see prices of $40 a barrel, which will only increase the instability surrounding the rouble.
- Tuesday saw the Australian dollar benefit off the back of news that China continues to post trade gains in the face of a slump in the global economy. Chinese data for December stated that exports rose by 9.9% as the country posted a trade surplus of $49 billion.
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