Swissie set to replace greenback in Russia

- By FX Markets Staff
- @FXMarkets_
- 20 Oct 2008

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Let's start with the major point: I expect Swiss franc-related deals and settlements to replace US dollar-related deals and settlements in Russia's foreign exchange market in 2009.

I see two obvious reasons for this.

First, we all see the major political development in 2008 is the worsening of Russian-US relations. This is due to the August 7 Georgian-US aggression against the people of South Osetia and the preparation of US aggression against Iran. As the US government is already in a state of

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