US Dollar / Russian Ruble (USD/RUB)
Trade the US Dollar against the Russian Ruble (USD/RUB) and get real-time rates, market insights, and expert trading tips at FP Markets China for successful forex trading.
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US Dollar / Russian Ruble (USD/RUB) Trading FAQ
While forex pairs can theοretically be traded 24 hοurs a day, there are optimum times to trade the USD/RUB whenever the currency pair is more volatile. From 13:00 to 17:00 GMT., the USD/RUB is usually busy (GMT).
Many factors can affect the USD/RUB market sentiment and spot rates, such as central banks policies, the price of commodities in each country, exports of both countries, economic growth, and political stability.
One of the strongest influences on the Russian rouble (RUB) is the price of oil because Russia is a significant producer of oil and natural gas. The economy of Russia fully depends on the price of oil, so traders should be looking at the oil futures markets when deciding which way this currency pair may go.
As you may already know, trading via CFDs (contracts for difference) is one of the most popular approaches when dealing with currencies such as USD and RUB. While there are numerous Forex brokers out there. Try to find one that suits your needs. Such as, FP Markets, a fully regulated broker that offers all types of platforms and accounts, to suit every need.
