Russian Ruble Recovers Slightly Against U.S. Dollar
July 18 2014 - 6:29AM
RTTF2
The Russian ruble recovered slightly from an early high against
the U.S. dollar in the European session on Friday.
The rouble was under pressure in the early deals, as crash of
Malaysia Airlines flight MH17 in eastern Ukraine on Thursday added
to geopolitical tensions, and also raised chances for further
possible sanctions against Moscow.
Russian stocks and the ruble fell on Thursday also, after the
U.S. revealed fresh sanctions against the country over its failure
to end the fighting in Ukraine, and as analysts fretted about
increasing tension between the two nations.
The rouble, which fell to a 2-month low of 35.25 against the
greenback in early deals, came off slightly and was trading at
35.13.
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