For those in the US it can seem like currencies are stable. The dollar doesn’t move much, right? That’s because so many other major currencies are falling, some precipitously. In Ukraine’s case, blame Russian. In Russia’s case, blame oil and the Saudis. The Saudis point at North Dakota and fracking. The Ukraine may be pointing at Russia and singing what goes around comes around. In the meantime, the rest of wander around wondering when it will end.
“The Russian Ruble Is In Free Fall” – Slate
Pretending Not To Panic 