Hedge funds reduced bets on the fall of the ruble

Moscow. January 11. American hedge funds for the third consecutive week of betting on the fall of the ruble, according to the Commission on futures trading in commodities (CFTC) of the USA.

According to the results of the week January 5 the net short position in the ruble amounted to 498 of futures contracts compared to 784 contracts a week earlier.

The dollar and the Euro soared at the opening on the Moscow exchange on 11 January to highs since December 2014: the dollar exceeded 76 rubles, the Euro rose above 83 rubles. The ruble depreciates amid declining oil prices and falling stock markets.