The Russian currency gained versus the U.S. dollar and several other currencies as the crude oil climbed again today, fueled by optimism regarding the world economic recovery.
Russian Ruble Climbs Intensively on Crude Oil Rally
July 20th, 2009 at 21:37
Russian Ruble
The Russian currency gained most in almost a decade as the crude oil reached $64 a barrel and metallic commodities are on the rise, creating speculations that Russia, a world leader in commodity exportation, will benefit from a global economic rebound.
Ruble Declines as Russian May Enter Deeper Recession
July 14th, 2009 at 0:36
Russian Ruble
The Russian ruble completed a week of consecutive losses versus the euro and the dollar, as speculations in Russia indicate that the recession will be depper than previously announced.
Ruble Drops as Crude Oil Rates Continue Decline
July 08th, 2009 at 10:42
Russian Ruble
Russia, the world’s leading energy supplier and main oil exporter to Europe, has witnessed a considerable drop in its currency as the crude oil price is reaching almost a week of declines, as concerns regarding the global slump may slash global energy demand for the next months.
Russian Ruble Climbs on Oil Uptrend, Stocks Rally
June 01st, 2009 at 12:43
Russian Ruble
The Russian ruble posted gains against the U.S. dollar for the third day in a row, as the demand for oil increases, causing the Russian stock market to have the highest rally since the beginning of the global slump.
Ruble Strengthens to New 2-Month High
May 20th, 2009 at 9:35
Russian Ruble
The Russian ruble rose to its new maximum since January 14 against the U.S. dollar today as the current oil prices still suggest that the December-January devaluation was too strong.
Russian Ruble Rises as Oil Hits Six-Month High
May 08th, 2009 at 13:57
Russian Ruble
The Russian currency and stock market posted a week of gains as the price of oil rose, pushed by rising demand in Asia, the MICEX Index is at its highest level since October.
Russia’s Ruble Hits New Bottoms
The Russian ruble declined to the new record low level against the euro and the 2-year low against the U.S. dollar today as the country’s central bank allowed further depreciation of the ruble to stimulate the exporters.
Russian Ruble Near 3-Year Low vs. Dollar
December 05th, 2008 at 12:56
Russian Ruble
The Russian central bank widened the trading band for the ruble today as the Russia’s main exports — crude oil and metals continued to depreciate on the global markets.
Russia May Stop Using Ruble to Fight Inflation
The Central Bank of the Russian Federation will probably stop intervening into the national currency market in order to strengthen the ruble against the U.S. dollar and hold down the growing inflation.