News Column

Russian Ruble Recovers Slightly Against US Dollar

July 18, 2014



MOSCOW (Alliance News) - The Russian ruble recovered slightly from an early high against the US dollar in the European session on Friday.

The rouble was under pressure in the early deals, as crash of Malaysia Airlines flight MH17 in eastern Ukraine on Thursday added to geopolitical tensions, and also raised chances for further possible sanctions against Moscow.

Russian stocks and the ruble fell on Thursday also, after the US revealed fresh sanctions against the country over its failure to end the fighting in Ukraine, and as analysts fretted about increasing tension between the two nations.

The rouble, which fell to a 2-month low of 35.25 against the greenback in early deals, came off slightly and was trading at 35.13.



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Source: Alliance News


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