Do Lower Oil Prices Mean Trouble for the Ruble?

The video discusses the recent fluctuations in the ruble, highlighting its rise after a significant decline. The ruble's future is uncertain due to falling oil prices, sanctions, and capital flight. The impact of lower oil prices on global currencies is analyzed, with commodity currencies expected to suffer while oil-importing countries may benefit. The European Central Bank's potential actions are explored, with expectations of quantitative easing to address low inflation in the euro area.

What are the main factors contributing to the ruble's decline?

• Strengthening of the international community

• Widening budget deficits and capital flight

• Rising oil prices

• Increased foreign investment

Which countries are likely to benefit from lower oil prices?

• Australia and Poland

• Russia and Canada

• Turkey and South Africa

• United States and Russia

Which of the following is a major oil importer despite being a producer?

• Canada

• Australia

• Russia

• United States

What is the ECB's current approach to quantitative easing?

• Aggressive expansion of monetary policy

• Cautious and dependent on future data

• No plans for quantitative easing

• Immediate implementation

What could potentially push the euro towards a lower value?

• Strengthening of the ruble

• ECB's firm statement on quantitative easing

• Positive economic news

• Increase in oil prices