Russian Ruble Advances Against U.S. Dollar Despite Russia Rate Cut
16 Juin 2017 - 9:05AM
RTTF2
The Russian Ruble climbed against the U.S. dollar in the
European session on Friday, with higher oil prices and broad-based
dollar weakness eclipsing the Bank of Russia's decision to cut
benchmark interest rate.
Russia's central bank lowered its key interest rate by a quarter
point as inflation remains close to the target.
The Board of Directors decided to reduce the key rate to 9.00
percent from 9.25 percent, the bank said in a statement. The bank
had trimmed the rate by 50 basis points in April.
The Russian Ruble rose to 57.49 against the greenback, compared
to 57.71 hit late New York Thursday. The next possible resistance
for the Ruble is seen around the 56.00 zone.
US Dollar vs RUB (FX:USDRUB)
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US Dollar vs RUB (FX:USDRUB)
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