Ruble Plunges to All-Time Low as Oil Slumps

On December 2nd, John Dawson discusses the ruble's plunge to a historic low, driven by oil price slumps and speculation of Russian Central Bank intervention. Russia faces its worst economic slowdown since 2009, with Moody's downgrading its credit rating. Meanwhile, Australia's RBA is expected to maintain interest rates, with potential cuts in the future. The focus is on the language used by RBA Governor Glenn Stevens.

What event triggered speculation about the Russian Central Bank's intervention?

How much did the ruble fall to, marking its all-time low?

What is the current economic situation of the Russian economy as described in the text?

What is the significance of the downgrade by Moody's mentioned in the text?

What are the expectations regarding the RBA's interest rates in the coming months?