financetom
Market
financetom
/
Market
/
Russian rouble steadies close to over six-month high vs dollar
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Russian rouble steadies close to over six-month high vs dollar
Mar 13, 2025 1:48 AM

March 13 (Reuters) -

The Russian rouble steadied close to a more than six-month

high against the dollar on Thursday as the market waited for the

next development on the Ukraine war after Kyiv said it was ready

to support Washington's 30-day ceasefire proposal.

The Kremlin said on Wednesday it would review details from

Washington about the proposed ceasefire in Ukraine before

responding, while U.S. Secretary of State Marco Rubio hoped a

deal would be struck within days.

By 0824 GMT, the rouble was up 0.8% at 86.45 to the

dollar in over-the-counter market trade. It had reached 85.1205,

its strongest level since August 7, 2024, on Tuesday.

Against the Chinese yuan, the most traded foreign currency

in Russia, the rouble was up 0.4% to 11.88.

The rouble is up against the dollar this year, mostly thanks

to expectations of improved relations between Moscow and

Washington.

The currency's strengthening could have some bearing on the

central bank when it next meets to set interest rates.

Anatoly Aksakov, head of the financial committee in Russia's

lower house of parliament, the State Duma, said he expected the

central bank to keep rates at 21% on March 21, with high

inflation preventing the central bank from being able to ease

borrowing costs.

"On the other hand, we see the rouble exchange rate is

strengthening and there are forecasts that it will strengthen

even further," Aksakov said at a financial forum on Thursday.

"Respectively, the political factor is influencing the fact that

the key rate may be lowered."

Brent crude oil LCOc1, a global benchmark for Russia's main

export, was up 0.4% at $71.22 a barrel.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Euro zone government bond yields tick down after BoE
Euro zone government bond yields tick down after BoE
May 9, 2024
LONDON, May 9 (Reuters) - Euro zone government bond yields slightly pared their earlier gains after the Bank of England left rates unchanged but took another step towards easing its monetary policy. The BoE said its Monetary Policy Committee voted 7-2 to keep rates at a 16-year high of 5.25%, and Governor Andrew Bailey said he was optimistic that things...
Roblox cuts annual bookings forecast on muted player spending
Roblox cuts annual bookings forecast on muted player spending
May 9, 2024
(Reuters) - Roblox ( RBLX ) cut its annual bookings forecast on Thursday, in a sign that people were dialing back on spending within its video-gaming platform amid an uncertain economic outlook and elevated levels of inflation. The company's shares fell 18% in premarket trading. The lowered forecast marks the latest downbeat report from the gaming industry, which has laid...
US Dollar Improves Early Thursday Before Jobless Claims, Natural Gas Stocks Data
US Dollar Improves Early Thursday Before Jobless Claims, Natural Gas Stocks Data
May 9, 2024
07:38 AM EDT, 05/09/2024 (MT Newswires) -- The US dollar rose against its major trading partners early Thursday ahead of the release of weekly initial jobless claims data at 8:30 am ET and weekly natural gas stocks data at 10:30 am ET. San Francisco President Mary Daly, voter on the interest rate policy setting Federal Open Market Committee this year,...
US STOCKS-Futures dip as bond yields extend gains ahead of jobless claims data
US STOCKS-Futures dip as bond yields extend gains ahead of jobless claims data
May 9, 2024
* Weekly jobless claims due at 8:30 a.m. ET * Airbnb ( ABNB ) falls on weak Q2 revenue forecast * Futures down: S&P 0.23%, Nasdaq 0.29%, Dow 0.24% By Sruthi Shankar and Shristi Achar A May 9 (Reuters) - U.S. stock index futures slipped on Thursday as Treasury yields extended gains ahead of jobless claims data that is expected...
Copyright 2023-2025 - www.financetom.com All Rights Reserved