Holidays and Lack of Liquidity Cause Dukascopy to Stop Offering USD/RUB

According to an announcement on the brokerage's website, Dukascopy has just become the latest brokerage to cease offering Russian ruble trading. Starting on Monday, the Swiss Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term and CFDs broker will stop offering the USD/RUB currency pair at least until the 12th of January 2015.

The company has outlined that the abundance of holidays will contribute to further reduction of Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term on the Russian forex market and the high rollover interest rates on positions held overnight. As the Bank of Russia hiked interest rates earlier this week to stem the collapse in the value of the ruble, the official key interest rate in the country was set at 17%.

While Europe and the US go on holiday before the New Year, the Russian orthodox church celebrates Christmas in the first week of January. The first working day in Russia is the 12th of January, when Dukascopy reassesses the market conditions and decides whether it's prudent to restore trading of the USD/RUB pair.