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Russian rouble surges vs dollar on US prisoner deal
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Russian rouble surges vs dollar on US prisoner deal
Feb 12, 2025 12:26 AM

MOSCOW, Feb 12 (Reuters) - The Russian rouble surged by

over 2% 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 0750 GMT, the rouble was up 2.1% at 94.50 against

the dollar, the highest level for the Russian currency since

October 2024, according to data from the over-the-counter

market.

The rouble strengthened 1.2% to 12.93 against China's yuan

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.

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