Ruble Drops 5% vs Dollar Following S&P Downgrade (RSX)

The ruble dropped 5% vs the dollar after Russia was downgraded to junk at S&P. Russian equities are also lower.

US traders are watching stocks like Yandex (NASDAQ: YNDX) and ETFs including Market Vectors Russia ETF Trust (NYSE: RSX) and Direxion Daily Russia Bull 3x Shares (NYSE: RUSL).

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