Forex Trading - Russian ruble, the next commodities currency

Forex Trading - Russian ruble, the next commodities currency - There are some currencies in financial circles as "commodities currencies" known. Their luck seems to fall in tandem with the rise in commodity prices. These are the "other dollars" CAD, AUD and to a lesser degree, NZD.

These countries are major producers and net exporters of a wide range of physical commodities. Oil and gas, metals, forestry and a variety of agricultural products
by the rest of the world, especially exploded Asian economies of these countries imported. Growing consumption of fast rising prices of these materials follows. In turn, pushes the currencies to appreciate in exporting countries, value. Huge UPS lead to AUD, CAD and NZD in recent years were the direct result of this phenomenon.

As it is Russia. Since the dissolution of the Soviet Union and virtual collapse of the economy a lot of changes have taken place. Privatization brought much needed capital and improvement. Outdated facilities were either closed or modernized. Rising commodities prices brought Russia to the top level of world exporters in many if not most, industrial raw materials. (We Russian political situation and its effect in this discussion are omitted.)

Second largest exporter of petroleum and the largest exporter of natural gas. When it comes to metals, they are producers of titanium, cadmium, nickel, palladium, tungsten, lead. Russia ranks very high in the production of copper, aluminum, steel, gold, silver, and a long list of other metals. Same with wood. One must not forget that only a small part of the natural resources it has been properly tapped, or even questioned. In a few short years, Russia's foreign currency reserves grew by about 70 billion 400 billion at this writing and growing well.

Russian Ruble (RUB) responded very positively to these events. Appreciate the value of 32 / $ 25 / $ versus $ in 2004. Granted, it is not completely freely traded currency. Very few brokers offer it, is wide spread. By no means an instrument for active trading. Lack of historical data makes it difficult to set goals and make meaningful technical analysis. It is much easier to access and then free-floating Chinese yuan. Forex Trading - Russian ruble, the next commodities currency

Long term traders, with a taste for exoticism want to look, perhaps, RUB. With volume steadily on the rise and the growing demand for raw materials, who knows? Maybe in 5-6 years it will reach the stature of NZD or even AUD.