The Russian ruble dropped today after the central bank made a decision to reduce its key rate as inflation pressure abated. The ruble was strengthening lately following the earlier plunge due to sanctions from the United States and the European Union.
Ruble — News Archive
January 30th, 2015 at 14:19
The Russian ruble plunged today after the Bank of Russia made a surprise decision to cut its key interest rate. The cut was rather significant though not as big as the interest rate hike in December.
January 26th, 2015 at 19:13
The Russian ruble slumped today as escalation of the conflict in Ukraine led to the threat of additional sanctions against Russia, making it very risky for traders to buy Russian asses.
December 27th, 2014 at 16:49
The US dollar closed higher against its major peers this week even though initially, it looked that the rally had lost steam. US macroeconomic indicators were mixed, but the market paid attention to the positive ones for the most part.
December 26th, 2014 at 11:42
The Russian ruble sank today, halting it biggest weekly rally in 16 years. The drop was substantial though it did not erase the weekly gain completely.
December 25th, 2014 at 14:07
The Russian ruble gained today amid speculations that the government forced domestic exporters to sell foreign currencies. The ruble gained 15 percent over the last five trading sessions.
December 17th, 2014 at 18:21
The Russian ruble jumped as attempts of the Bank of Russia to stem the currency’s drop resulted in a success, at least for now. The central bank was selling dollar and pledged to help companies to meet their foreign-currency debt obligations.
December 16th, 2014 at 9:16
Russia’s central bank made a surprise massive interest rate hike today in an attempt to support the currency and tame accelerating inflation. While the Russian ruble surged on the news initially, it was unable to keep gains and fell. Yet as of now, the ruble managed to return above the opening level
December 03rd, 2014 at 10:37
The Russian ruble fell today, touching the record low level versus the US dollar, as Russia’s economy suffers from the impact of sanctions and declining oil prices.
November 07th, 2014 at 10:36
Woes for the Russian ruble continue as the currency experienced the worst week since 1999. Analysts think that the ruble may go even lower, reaching the 50 per dollar level.