It's a rough day for Russia.
Earlier, S&P cut the country's credit rating to one notch above junk.
Then, the Russian central bank did a surprise rate hike (lifting its main rate from 7.0% to 7.5%) to help revive the flagging ruble.
But that's already failing. Here's a chart of the dollar against the ruble. The dollar is now at its high of the day against the Russian currency.
Image may be NSFW.
Clik here to view.
SEE ALSO: Russia cut to one notch above junk
