Ruble Follows Gains of Crude Oil

  October 12th, 2012 at 12:22

Top view on various RUB billsThe Russian ruble gained today as crude oil, the major Russia’s export, headed to a weekly gain amid increasing willingness of traders to buy riskier assets.

Crude advanced 0.6 percent to $92.60 per barrel in New York today. The gains of oil followed yesterday’s positive macroeconomic data from the United States, including falling unemployment claims. Crude oil and gas makes up about 50 percent of Russia’s export revenue.

USD/RUB went down 31.0395 to 30.9880 as of 12:22 GMT today, falling from the daily high of 31.2025.
.

If you have any questions, comments or opinions regarding the Russian Ruble, feel free to post them using the commentary form below.

  Categories

Russian Ruble

Leave a Comment

Name Required

Email Required

Website

Comment

FxNet Forex Brokers - Up to 50% bonus on all deposits

Archives

SUBSCRIBE

Follow Top Forex News on Twitter