8 Dec 2014
Forex top movers: USD/RUB is the man; NZD/JPY is the bearish trade
FXStreet (San Francisco) - USD/RUB is the most outstanding player today as the pair is advancing 1.36% on the day to 53.36. The pair has risen an impressive 44.34% in the last three months; + 15.16% in the month and 62.61% YTD. The main reasons are the low oil prices, the crisis in Ukraine and a depressed market for Russian equities.
Moreover, the crisis in Ukraine scared away investors and the demand for the ruble as well as the shares of the RTX quickly evaporated.
Other top movers are: USD/ZAR (+1.28%); USDSEK (+0.49%) and USDNOK (+0.44%); To the downside, or short trade as you want to call it: top losers are NZD/JPY (-1.20%); AUD/JPY (-0.75%) and NZD/USD (-0.69%).
On majors: GBP/USD is advancing 0.27%; USD/CHF is rising 0.15% so far today. O bearish side, EUR/USD is 0.12% negative on the day. USD/JPY is 0.45% down to 120.85. The US Dollar index DXY is 0.05% negative.
Moreover, the crisis in Ukraine scared away investors and the demand for the ruble as well as the shares of the RTX quickly evaporated.
Other top movers are: USD/ZAR (+1.28%); USDSEK (+0.49%) and USDNOK (+0.44%); To the downside, or short trade as you want to call it: top losers are NZD/JPY (-1.20%); AUD/JPY (-0.75%) and NZD/USD (-0.69%).
On majors: GBP/USD is advancing 0.27%; USD/CHF is rising 0.15% so far today. O bearish side, EUR/USD is 0.12% negative on the day. USD/JPY is 0.45% down to 120.85. The US Dollar index DXY is 0.05% negative.