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What Affects the Price of USD/RUB？
USD/RUB is a forex trading pair that involves the exchange of US dollars (USD) for Russian rubles (RUB). One of the unique characteristics of the USD/RUB trading pair is the significant level of volatility and price fluctuations it can experience. This is due to a range of factors, including changes in global oil prices, economic policies and political events in both countries, and shifts in global financial markets.
These factors can lead to sudden and significant price movements in the USD/RUB trading pair, making it a potentially high-risk, high-reward trading opportunity for traders.
Another important trait of the USD/RUB trading pair is its correlation with global oil prices. Russia is one of the world's largest producers of oil, and the price of oil has a direct impact on the value of the Russian ruble. This is because a significant portion of Russia's economy is based on oil exports, and fluctuations in the price of oil can cause significant changes in the value of the ruble. As such, traders and investors who are looking to participate in the USD/RUB trading pair need to pay close attention to changes in global oil prices and their impact on the Russian economy.
The USD/RUB trading pair is also affected by changes in global economic policies and political events in both the US and Russia. For example, changes in interest rates, inflation, and government policies in either country can affect the demand for the USD/RUB trading pair and lead to changes in its price. Similarly, political events such as elections or changes in government leadership can also have an impact on the USD/RUB trading pair, as they can affect economic policies and create uncertainty in financial markets.
Overall, the USD/RUB trading pair is a unique and significant forex trading opportunity that offers high potential returns for traders and investors who are willing to take on the inherent risks of the market. By understanding the factors that affect the price of the USD/RUB trading pair, including changes in global oil prices, economic policies, and political events, traders and investors can make informed decisions about their investments and participate in the global forex market with confidence.
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In addition to the EURUSD, the forex market also has 6 major currency pairs, all of which have the US dollar.
The major currency pairs with the US dollar as the base currency include:
• US Dollar/Japanese Yen (USD/JPY)
• US Dollar/Swiss Franc (USD/CHF)
• US Dollar/Canadian Dollar (USD/CAD)
The main currency pairs with the U.S. dollar as the quote currency include:
• British Pound/U.S. Dollar (GBP/USD)
• New Zealand Dollar/U.S. Dollar (NZD/USD)
• Australian Dollar/U.S. Dollar (AUD/USD)
These currency pairs are closely related to the EUR/USD. You need to pay attention to this correlation in order to gain profits or reduce risks when trading.
MiTrade’s platform offers easy to use risk management tools and no commission, so that you can trade currency pairs with ease. Choose leverage that suits your goals and earn high rewards.
Enter a trusted broker to earn exponentially higher rewards, but be aware of the risks that come with this type of leveraged trade.
Forex leverage is the amount of trading funds your broker is willing to credit your investment based on a ratio of your capital to the size of the credit. Your invested capital is usually only a fraction of the forex leverage credit size. In essence, leverage is borrowed capital you obtain from your broker to increase your potential returns.
The amount of leverage you can access differs from broker to broker. It also depends on the conditions for trading provided by your broker. You will be required to maintain a minimum balance in your account (usually a fraction of the leverage you will obtain) from which your leverage will be calculated based on the agreed-upon ratio. You use margin to create leverage. FX brokers call this trading on margin.
When trading with margin, the broker will set aside only a fraction of your position’s value, and they will fund the rest. Hence, you are said to be leveraged. The fraction of the position’s cost that was set aside is the margin requirement. It is expressed in percentage; say you are required to put up 2% of a $10,000 trading position you open. This means that you are trading at $10,000, but you only need to provide $200.
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