|Day's range||62.534 - 63.764|
|52-week range||54.3243 - 64.9400|
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.