The ruble sank to 87 to the dollar -- its weakest level since March last year in the early days Putin's invasion of Ukraine -- as traders reacted to the developments in Russia. Bloomberg said ...
Russian officials who met last week with Argentine economy authorities have reportedly conveyed a proposal from President Vladimir Putin's Government to drop the US dollar and hold bilateral trade ...
With forex trading in dollars and euros basically impossible, trading in Western currencies shifted away from the exchange, ...
UBS has hinted that the USD could further depreciate amidst the relentless de-dollarization effort of the BRICS.
The Russian ruble has strengthened substantially against the US dollar this year as the USD/RUB dropped from 102.45 in August last year to 90.27, or a 12% drop today. It has remained below the ...
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Lenders have urged Russia's central bank to address the yuan deficit, causing the ruble to drop. China's hesitance stems from US threats of secondary sanctions over Russia's Ukraine war financing.
The Federal Reserve's 50 bp rate cut has made for a volatile 15 hours or so in the foreign exchange market. Click to read.
"Consequently, statements that problems with the conversion of rupees caused the weakening of the ruble’s exchange rate do not reflect the reality," the source in the Energy Ministry told TASS ...