Russian Ruble At Fresh 9-month High Against US Dollar
October 06 2009 - 8:16AM
RTTF2
The Russian ruble surged higher against the US dollar on Tuesday
morning following the Federal State Statistics Service report
showed that Russia's consumer prices rose 10.7% year-on-year in
September.
A year ago, in September, consumer prices climbed 15%.
Economists had expected the CPI to increase 10.9 percent.
Month-on-month, consumer prices remained flat in September. For
the first nine months of the year, consumer prices were up
8.1%.
The ruble advanced 29.7995 against the buck around 6:00 am ET,
the highest level since January 12th. The dollar-ruble pair, which
closed yesterday's deals at 30.0625, is currently quoted at 29.82.
If the ruble gains further, resistance is seen around the 29.14
level.
The Federal State Statistics Service also said the Russian
consumer confidence strengthened in the third quarter. The report
showed that its confidence index rose 7 points quarter-on-quarter
to -25.
US Dollar vs RUB (FX:USDRUB)
Forex Chart
From Aug 2024 to Sep 2024
US Dollar vs RUB (FX:USDRUB)
Forex Chart
From Sep 2023 to Sep 2024