There's no secret the oil price is a proxy to Russia economic expectations, yet oil correlation to RUBUSD (line chart, inverted to a more common USDRUB cross) is just impressive. Trading dynamics on both instruments is close to identical most time during the year.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.