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Almost a month ago, when the price of the VanEck Vectors Russia ETF (RSX) was at $21.5, I gave a positive forecast with the immediate goal of $22.6. Now the price of the fund is coming close to $24, and I would like to draw attention to the factors that have a strong influence on the price of the fund.
The RSX is tied to shares of Russian companies that are traded in rubles. Therefore, the value of the Russian currency considerably influences the price of the fund: