|Day's Range||0.016 - 0.016|
|52 Week Range||0.0154 - 0.0184|
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.
Russia’s stocks lose ground Monday as the Trump administration looks set to impose more sanctions on that country.
Russia's stocks lost ground Monday as the Trump administration looked set to impose more sanctions on that country. Nikki Haley, the U.S. ambassador to the United Nations, said on the TV show "Fox ...
Russia's central bank said on Monday it would not intervene in currency markets following a sharp drop in the value of the rouble, playing down the impact on the currency of new U.S. sanctions. Volatility on Russian markets has soared since Washington imposed fresh sanctions on April 6, targeting some of Russia's biggest companies and most prominent businessmen to punish Moscow for its alleged meddling in the 2016 U.S. election and other "malign activity". The rouble plunged more than 10 percent versus the dollar last week to its weakest level since late 2016, before recovering slightly to close down 6 percent on the week on Friday.
The Russian rouble and shares in some of Russia's biggest companies slid lower on Monday, dragged down by the threat of new U.S. sanctions and lower oil prices. Volatility on the Russian market has soared since Washington imposed fresh sanctions against Moscow on April 6, targeting major Russian companies and some of the country's most prominent businessmen. Dangers of a direct military confrontation between Russia and the United States eased over the weekend after Western missiles fired at Syria over a suspected poison gas attack steered clear of any Russian troops on the ground.
Russia's rouble has endured its worst week in more than 2-1/2 years but foreign exchange derivatives predict more pain ahead as bond and equity investors continue slashing exposure to the market after tough new sanctions from the United States. While a market bounce in the past two days has helped the rouble nearly halve its weekly losses since Wednesday, option market indicators such as implied volatility and risk reversals on the Russian currency remain at extremely elevated levels. More significant for the near-term outlook is the inversion in the implied volatility curve, with one-month options trading well above longer-dated ones, something which has happened in the rouble curve fewer than 10 times in the past decade.
The rouble touched its weakest since late 2016 before recovering a small part of recent losses as a sell-off of Russian assets, triggered by more U.S. sanctions, extended into Tuesday with the reaction from local authorities still muted. The United States on Friday imposed sanctions against 17 senior government officials plus seven oligarchs and 12 companies they own or control, sparking an investor exodus. It later edged up from lows as the price of oil, Russia's main export, rose.
MOSCOW (Reuters) - The Russian rouble reversed gains and weakened on Friday, hit by sliding oil prices that also pressured stock indexes. Shares in metal companies underperformed the broader market following ...
FXEmpire’s analyst Bob Mason discusses the USD, the Latvian banking crisis and UK-EU relations after an eventful few weeks in the markets.
Russian assets showed little reaction to Tuesday's release of a U.S. report naming major Russian businessmen among a list of people close to President Vladimir Putin, with stocks and the rouble both firmer by afternoon trade. Publication of the U.S. Treasury department's "oligarchs' list" had threatened to prompt a sell-off in Russian assets but its impact was blunted by the United States saying on Monday that it would not immediately impose new sanctions on Russia. The list of 210 people nevertheless casts a shadow of potential sanctions risk over some of Russia's biggest firms.
The Russian ruble seems to have run out of luck. Yesterday, the currency lost 1.5% against the dollar and 2.5% against the euro, with this drop coming in as a result of several negative factors. The API reported an increase in oil inventories, which may be confirmed later in the day in the official report. … Continue reading Ruble Suffers Biggest Drop in More Than a Year
Cryptocurrency market is a highly volatile one. This is one of its key features that lures so many new investors to the digital currency world. How is a digital coin priced? This is a question asked by any a cryptocurrency newcomer. To answer this question, however, you should first and foremost remember that digital currencies … Continue reading Bitcoin Price: Market Law and a Bit of Sentiment