Russian Ruble Rises To 4-day High Against US Dollar
October 05 2009 - 5:45AM
RTTF2
The Russian currency climbed 0.7 percent to a 4-day high of
30.0275 against the US dollar by 10:30 am ET Monday from Friday's
close of 30.2355. On the upside, resistance is likely to be seen
around the 29.97 level for the ruble. Currently, the dollar-ruble
pair is trading at 30.04.
In economic news, Russian service sector activity improved for
the second consecutive month in September, the VTB Capital and
Markit Economics said today. The headline seasonally adjusted
Services Purchasing Managers' Index or PMI increased to 53 in
September from 52.2 in August.
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