Russian Ruble Weakens Against U.S. Dollar After Russia Rate Cut
16 Septembre 2016 - 9:23AM
RTTF2
The Russian Ruble erased its early gains against the U.S. dollar
and slipped in European deals on Friday, after Russia's central
bank lowered its key interest rate by 50 basis points to underpin
growth amid slowing inflation.
The Board of Directors decided to reduce the benchmark rate to
10.00 percent from 10.50 percent. The bank last lowered the rate by
50 basis points in June.
The Russian Ruble fell to 65.09 against the greenback, off its
early 4-day high of 64.05. The Russian Ruble may find support
around the 66.00 mark.
US Dollar vs RUB (FX:USDRUB)
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US Dollar vs RUB (FX:USDRUB)
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