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The ruble is crumbling. Speculators will put the government's resolve to defend the ruble to the ultimate test. Look for 36.20/30 as a critical barrier; if it is breached, Europe will be an ugly place today.

Got the popcorn and watching the Bloomberg screen tick for tick - memories of Soros storming the pound. Exciting stuff (click on chart to enlarge).
Source: Russian Currency Watch: Ruble Update