MOSCOW, Feb 12 (Reuters) - The Russian rouble surged by
almost 3% against the U.S. dollar on Wednesday after a deal
between Russia and the United States brought home an American
school teacher who was detained and sentenced in Russia.
At 0910 GMT, the rouble was at 93.70 against the
dollar, the highest level for the Russian currency since October
4, 2024, according to data from the over-the-counter market.
The rouble is up about 15% against the U.S. dollar so far
this year. It strengthened 1.8% to 12.68 against China's yuan,
the most traded foreign currency in Russia, on the Moscow Stock
Exchange.
"The positive news background, promising a reduction in
geopolitical tensions, continues to strengthen, and this factor
is currently playing a significant role in supporting the
rouble," said Denis Popov from PSB bank.
The potential easing of Russia-U.S. tensions following
President Donald Trump's pledge to quickly end the war between
Ukraine and Russia has been a major factor behind the rouble's
rally since the start of the year