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Showing posts with label rouble falls. Show all posts
Showing posts with label rouble falls. Show all posts

Wednesday 31 December 2014

#Russia: #Roublefalls back in volatile #trade after early surge

Russian currency is being hurt by falling oil prices and Western sanctions over Ukraine

The Russian currency is down some 40 per cent against the dollar this year.An employee uses a machine while counting Russian ruble banknotes at a private company’s office in Krasnoyarsk, Siberia. Photograph: Ilya Naymushin/Reuters
The Russian currency is down some 40 per cent against the dollar this year.An employee uses a machine while counting Russian ruble banknotes at a private company’s office in Krasnoyarsk, Siberia. Photograph: Ilya Naymushin/Reuters

A recovery in the rouble ran out of steam on Tuesday as oil prices slid, wiping out early gains driven by modest foreign-currency sales on the final day of trading before the New Year holidays... (Read more)

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