Ruble — News Archive

Ruble Pulls Back After Massive Gains

The Russian ruble fell on Friday, dragged down by falling crude oil prices. Today’s drop followed yesterday’s massive gains that were also caused by moves of prices for crude.

Russian Ruble Sink on Monday

The Russian ruble sank on Monday against the US dollar and the euro but remained well above the all-time lows. On Tuesday, the currency retained weakness versus the dollar but moved a bit higher against the euro.

Ruble Falls Even as Russia’s Economic Decline Slows

The Russian ruble dropped today even after the report that the sharp decline of Russia’ economy has apparently ended. It looks like investors are still reluctant to come to the country that is under sanctions from the West.

Russian Central Bank Continues Monetary Easing, Ruble Down

The Russian central bank made yet another interest rate cut today but warned that the pace of monetary policy easing may slow in the future. The Russian ruble fell after the central bank’s decision.

Bank of Russia Cuts Key Rate, Sending Ruble Down

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.

Bank of Russia Makes Surprise Interest Rate Cut, Ruble Sinks

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.

Ruble Drops as Conflict in Ukraine Escalates

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.

Dollar Retains Strength During Quiet Trading Week

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.

Ruble Halts Its Impressive Rally

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.

Ruble Gains for Fifth Day

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.

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