Russian Deputy PM Shuvalov (sounds like a porn actor…) says Russia is not against the US dollar but says it is unwise to depend on one reserve currency. He says Russia plans to build up the Rouble is a regional reserve currency but will still rely on the dollar.
Is it my imagination or have the Russian’s cooled their rhetoric since Obama abandoned the missile shield?
EUR/USD trades at 1.4623 after dipping to the 1.4610 area. Traders report good two-way interest near the lows.