forex news - Russian Ruble Continues Its Descent in Foreign Exchange

Ruble devalued again in forex tradingThe Russian ruble has been seeing serious problems as it attempts to maintain some sort of value in foreign exchange. And the problems continue today. Once against, the Russian government has devalued the ruble in forex trading — and still no one wants to purchase rubles.

Indeed, the sad thing is that many feel that the ruble is still overvalued — even after 6 ruble devaluations so far this year. Concerns about continued drops in the price of oil are causing skepticism about how well the Russian ruble will hold up in foreign exchange.