|Day's range||65.298 - 65.709|
|52-week range||54.3243 - 70.6017|
MOSCOW (AP) — Russia's Central Bank has hiked its key interest rate for the first time in nearly four years, moving to shore up the ruble amid increasing risks of U.S. sanctions.
MOSCOW (AP) — The Russian Central Bank said Thursday it will halt foreign currency purchases, a move that helped the ruble to recover from its lowest level against the dollar since 2016.
"It's painful and it's unpleasant, but it won't change my politics," Nikolayev said of the ruble shedding 10 percent of its value against the dollar since the end of July, driven down largely by new U.S. sanctions on Russia. "People don't really understand the dynamics behind it and the president, traditionally, is safe from criticism," Goncharov told Reuters.
Investing.com - The U.S. dollar slipped on Friday after rising overnight to near a 13-month high, while the Russian Ruble fell on news that Washington is planning to impose fresh sanctions on Moscow.
Investing.com - The Turkish lira continued its decline on Thursday, bringing year-to-date losses against the dollar to more than 50%, as meetings between Turkish and U.S. officials produced few results.
The State Department announced Wednesday that new sanctions would be handed down for Russia's use of a chemical agent, Novichok, to poison former Russian spy Sergei Skripal in the UK. The dollar hit its highest level against the ruble since November 2016, with the ruble touching 66.7099 to the dollar on Thursday morning. The greenback is up 5.8 percent against the Russian currency since the end of July, and up 14.6 percent since the start of this year.
Investing.com - Crude oil prices struggled for direction but settle higher as investor focus shifted to U.S. crude inventory data expected to show a draw in domestic oil supplies.
More sanctions on Russia are likely to trigger a further sell-off in the ruble, according to one currency expert.
Russian stocks trading in the U.S. and the ruble jumped after a report that President Trump would not extend further economic sanctions on Russia for now.
President Donald Trump is upset about something. In a tweet Monday morning, Trump fired off a somewhat perplexing thought about China, Russia, currency devaluation, and U.S. monetary policy. “Russia and China are playing the Currency Devaluation game as the U.S. keeps raising interest rates,” Trump said.
While the U.S. dollar index fell sharply Friday after Michael Flynn's guilty plea, the greenback did rally against one currency: the Russian ruble.
VSEVOLOZHSK/HELSINKI (Reuters) - Nokian Tyres , which supported earnings during Russia's ruble crisis by boosting exports from the country, is flipping strategy as the economy rebounds. The Finnish firm, which makes most of its tyres in Russia, is now expanding production there to supply the local market while cutting exports. It also plans to open a factory in the United States which will further reduce the need for Russian supplies to go overseas.