Russia foreign currency ratings lowered to 'BB+/B'; Outlook Negative while the EUR/USD takes a pause as it approaches key 1.10 psychological level
Read moreThree major industry figures have assumed positions on the arbitration committee of Russia's KROUFR
Read moreRussia's newly introduced Forex regulatory law prohibits the use of the word 'Forex' in branding and company names by any entity other than Forex dealers
Read moreRussia's long awaited Forex law the has now been approved by the upper chamber of the Russian parliament, representing the next step in becoming legally binding after it was approved by the State Duma in recent weeks
Read moreAs a result of government rulings, the OTC Forex market will be closed in Belarus, with the single body to be allowed to trade in it over the following two years being the central bank of Belarus
Read moreGlobal foreign exchange reserves may have fallen in the third quarter for the first time since the financial crisis as central banks stepped up interventions to prevent their currencies from falling too sharply. As the U.S. Federal Reserve gears up to raise interest rates next year, dollar-funded "carry trades", in which traders borrow in low…
Read moreSenior Russian lawmaker Alexander Bastrykin has President Vladimir Putin's support as he calls for severe criminal punishment for speculators, pointing the metaphorical finger for their contribution to the destabilization of the ruble. Is Russia ready for global, free market currency trading?
Read moreRussian FX company EXNESS, UK based FXPro and Australia's AxiTrader are the latest brokerages to suspend trading in ruble instruments as a result of current liquidity and economic woes in Russia
Read moreWith the ruble drama gathering steam in December and particularly this week, we have seen ruble dealers slash their leverage and also completely pull out of dealing in the currency, which isn't a huge generator of volume to begin with but still causing a big enough shakeup for brokers to issue statements to traders. With…
Read moreBig news continues as one of the largest Forex brokers in the world and LeapRate regulated list member, FXCM (NYSE: FXCM) now halts ruble trading as reported by CNBC. The turmoil in the ruble market is continuing as Russia looks to avert a currency crisis into a full blown collapse. While Vladimir Putin is blaming…
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