This is a simple trade idea - Oil exporting nations have been hit hard recently:
With the oil price collapse accelerating (Brent just dropped below $40 for the first time since Feb 2009), the currencies of major oil-exporting nations - such as the Canadian dollar and Norwegian crown - are plunging...
USDRUB is an interesting one, as it is playing the "US Role" in Syria, with the unintended consequence of gaining local military bases and access to energy resources (pipelines, oil fields, transportation routes).
And - just look at the following chart:
USD/RUB Top?
EES is short, with a stop well above 70. Beware the trading times (USDRUB desk open only during Russian market hours) and the spreads are huge.
