Take Profits on Russian Ruble Short, Deutsche Bank Advises
The Russian ruble, which has moved higher by nearly 9% since late May, might be due for a bout of mean reversion, a Deutsche Bank report notes. With geopolitical risks afoot, the bank is advising clients to sell positions they might have established in late May in a Russian Ruble short position when the currency modeling pointed to an overvalued situation.
[icahnebook]
After post election trend higher, Russian Ruble Short was good play on valuation
In late May, Deutsche Bank currency analysts Gautam Kalani and Chief Economist Elina Ribakova looked . . .
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