The USDRUB rate is back above 36.00 - nearing its record lows - despite a surprise Russian rate hike this morning aimed at stalling the capital outflows. It seems Lavrov's comments that Kiev will face "bloody justice" geopolitical angst is trumping any arbitrage or macro data flows for now. Russian stocks are also fading. The Ruble continues to weaken...
http://www.bullfax.com/?q=node-russian-stocks-soar-17-most-2008-ruble-back-below-62usd
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