Russian Ruble plunges beyond 100.00 against US Dollar amid multiple headwinds – by Sagar_Dua24 USDRUB DollarIndex RussianFederation Oil CurrentAccount
ance of 100.00 on Monday, extending YTD losses by 38%. The asset remains under pressure as the Russian economy is facing multiple headlines such as sanctions from developed economies, being in a war with Ukraine, and reducing oil exports to Asian nations.
Russian administration is busy at war with Ukraine, which has increased their imports of military equipment and simultaneously imbalanced their capital flows. It is being noted that Russia’s current account surplus shrank by 85% in the first half of CY2023.for almost a year to elevate economic growth that keep Russian Ruble in a bearish trajectory but now lifted rates by a full 1% to 8.5% in July due to declining capital inflows.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Russian Ruble Tumbles Past 100 Against Dollar—Here’s Why That’s SignificantIt marks the first time the Russian ruble has fallen below the threshold since it recovered from an all time low just after Moscow launched its invasion of Ukraine.
Consulte Mais informação »
Russian TV host fumes over ruble collapse: 'They're laughing at us abroad!'The ruble slumped toward 100 per dollar on Wednesday, its weakest level in 16 months.
Consulte Mais informação »
D.C.-area forecast: Excessively hot with potential late-day stormsHeat blasts into the area today for a three-day stay, threatening record highs and setting off late-day storms. The storms may be most numerous today, with a risk for damaging winds and heavy downpours.
Consulte Mais informação »
Russia's ruble hits lowest level against dollar since Ukraine warRussia's currency, the ruble, has experienced a significant decline, reaching its lowest level against the US dollar since the start of the war in Ukraine. On Tuesday, the ruble traded at around 96 against the dollar, marking a 30% decrease since January.
Consulte Mais informação »
Russian stocks hit pre-war levels as investors see them as safer than rubleRussian stocks are back at pre-war levels as investors see them as safer bet than falling ruble
Consulte Mais informação »
Every Third Russian Sees the Digital Ruble as 'Some Kind of Fraud' (Survey)One in five survey participants is not interested in Russia’s CBDC at all.
Consulte Mais informação »