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Strategies & Market Trends : Investment in Russia and Eastern Europe -- Ignore unavailable to you. Want to Upgrade?

To: Paul Kern who wrote (1267)	3/4/2009 11:57:39 AM
From: Real Man	Read Replies (1) \| Respond to of 1301

Keep buying RSX. Buy China too. Emerging market dumps never last, cause... labor is dirt cheap, and currency dumps make it cheaper.

To: Paul Kern who wrote (1267)	3/4/2009 12:25:21 PM
From: Real Man	Respond to of 1301

The end of ruble devaluation ... reserves are more than sufficient, Russia's reserves = EU reserves. <G> fx.sauder.ubc.ca en.rian.ru MOSCOW, February 15 (RIA Novosti) - Russia's Central Bank believes the current ruble exchange rate to the U.S. dollar and euro reflects its real market rate and will prevent its sharp fluctuations, Russian President Dmitry Medvedev said Sunday. Responding to the global financial crisis, Russia's monetary authorities have gradually devalued the ruble by more than 30% against the dollar/euro basket used by the Central Bank as a benchmark guideline in its foreign exchange operations, setting the lower limit of its fluctuations at 41 rubles. On Thursday, however, the ruble exchange rate increased by more than 1 ruble to 34.80 against the U.S. dollar and 44.97 against the euro. "At the current moment, the exchange rate reflects, in the opinion of the Central Bank, its real position and its real solvency," Medvedev said, adding that the country's monetary authorities would keep the situation under control.